BIS Quarterly Review Presumes Electronic Trading Market Share Climbs Based On Anecdotal Reports
MARKET DATA
BASLE--The electronic broking industry has increased its market share "substantially" the Bank of International Settlements said last week in its quarterly review. However the BIS would not quantify what the new market share was.
"In April 1998 [at the time of the last BIS triennial review] about 40 per cent of spot market transactions in London were dealt with through electronic brokers. According to market sources this share increased substantially in 1999," says the report.
It then says that;
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