Firms take advantage of retail FX boom

NEWS

LONDON -- Volumes in the retail FX market are growing as a result of globalisation and increased cross-border trade, prompting many companies to launch new online initiatives to target the market.

Yuval Tal, chief executive officer of E4X in New York, told FX Week around $1 billion is spent online each year on non-physical goods -- that is, goods that can be purchased internationally but delivered locally, such as airline tickets or hotel reservations.

E4X, a currency management solutions prov