The year of threats, or opportunities?


In foreign exchange as much as in other asset classes and sectors, successful businesses depend on the ability to offer a service or product that others don't, or to add extra value by doing something better than competitors.

It might seem a somewhat basic message with which to start the new year, but it is likely to be particularly prescient when it comes to the developments that will evolve in the FX trading landscape over the next 12 months and beyond.

Of the many structural changes that took

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