Smaller firms take e-FX trading internal

The abundance of new third-party trading technology has helped super-regionals and smaller regional firms move away from the white-label relationships they had in the past with the tier-one money banks, according to David Poole, chief operating officer at trading consultancy ClientKnowledge.

A recent poll published showed a lot of volume has moved from the tier-one banks to the tier-two and tier-three dealers, added panellist Mike Thrower, director, banking business development, at Wall Street

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