Third-party FX analysis firms are facing a market under pressure with little new business to compete for, officials at leading firms say.
Banking consolidation, cutting of positions and cost reduction at banks have transformed the third-party FX analysis market into a highly competitive space and placed pressure on the industry.
"When you look at big mergers such as JP Morgan and Chase, they took a lot of positions out of the market," one official at a third-party provider says. "This has put
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails