Best Execution
SPECIAL REPORT: FOREIGN EXCHANGE IT
by Daniel Safarik
Beyond the Banks
Independent vendors are running to claim the FX market.
While banks have been busy lining up behind consortium efforts like Atriax and FXall or growing their own like State Street, independent vendors have laid claim to key pieces of the very territory those groups aim to serve.
Vendors like Currenex, which launched a year ago, have proven just how successful a third-party offering can be. Currenex’s FXTrades portal, which connects banks and corporates, currently
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