How Much Does My FX Trading Cost?
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User Rank: Author
12/10/2014 | 8:07:41 AM
Fragmentation in FX
It used to be that the buy side relied on their custodian banks for FX executions, now that has completely change. Buy side and hedge funds, banks, prop trading firms, can choose among ATSs and ECNs. TCA is evolving in foreign exchange trading it seems because of the complexity of navigating across all the various trading venues .While this is a positive development, it also makes for fragmented liquidity.

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