High-frequency trading will be 40% of market by 2012
“If non-bank high-frequency trading firms can become direct clearing members for OTC products, and also illustrate their commitment to taking more risk as a legitimate liquidity provider, banks’ stranglehold on the FX market could be weakened, opening up a new phase of intense competition,” said Sang Lee, consultant at Aite in Boston.
The consultancy said that, at the end of 2009, approximately 25% of the forex market was made up of high-frequency trade flow – a figure it expects to reach 40% by
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