Migration from multi-bank platforms set to continue as fees mount

exchange-research-migration

The gradual decline of volumes on some multi-bank trading platforms may soon become entrenched if platforms cannot alter their fee structures to accommodate more constrained bank budgets, according to Kurt vom Scheidt, chief operational officer of markets in Saxo Bank, speaking on a conference panel at FX Invest Europe in Frankfurt.

Vom Scheidt stressed that, with banks struggling to make adequate returns across the board, connections to expensive trading platforms are on the chopping board.

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