
New trading platform costs weigh on FX dealers
As roughly 75 platforms vie for business, LPs complain of struggle to keep up with connectivity costs

The recent surge in foreign exchange trading platform launches has forced banks into a tough choice between spending money on new connections or risking the loss of client flows.
A flurry of spot FX trading venues have come to market over the past two years, with new interbank and anonymous dark pool matching platforms offering different functionalities or technologies for market participants.
Some estimate upwards of 75 FX trading venues are now available to firms – and that number could rise
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