Banks are still vital for FX

Liquidity provision may increasingly be a non-bank play, but credit remains a bank business

james-sinclair-2
James Sinclair, MarketFactory: "Banks have three major advantages: credit, customers and capital to invest"

Banks remain vitally important for the orderly working of foreign exchange markets, despite a broad retrenchment from market-making activities as regulation, the fallout from the benchmark scandal and the aftermath of the Swiss National Bank (SNB) shock event last year constrain their ability to continue with traditional business models.

Historically, banks had a firm and comprehensive grip on FX markets, and they were the essential source of liquidity, but the last few years have seen non-bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: