We read an article today outlining that sell-side firms spend around $400 million annually on electronic FX trading technology. A UK research consultancy, ClientKnowledge, estimates this will almost double by 2010. Daily currency trading volumes could reach more than $3,000 billion a day by 2010, says ClientKnowledge, with electronic transactions representing a growing proportion of these trades. Currently, around 50% of client business is conducted electronically. This is expected to rise to more than 75% by 2010. Click link for the article.
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08 June 2006
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