BIS: e-FX may impact liquidity, volatility

In a paper made public this month, the BIS puts forward the case that developments in e-FX and the forex market generally have resulted in reduced volatility and liquidity. While it concludes that electronic trading is yet to impact the markets in this way, the report said: "There are concerns that these changes will soon adversely affect liquidity and volatility in foreign exchange markets."

Pre-electronic trading, the report said, FX dealers tended to execute small trades regularly throughout

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: