FX in Flux

ON BALANCE

The annual Best Banks Awards, given out by IMD’s sibling publication FX Week, show that the trends of the larger market data industry are also apparent in the foreign exchange arena. Namely, the bigwigs remain dominant while the smaller vendors scrap it out with each other.

Data, particularly research, is playing an ever more important role in the FX market. The commoditization of prices in vanilla FX is levelling the playing field.

Banks are responding in two ways: by developing their own ser