Special FX: The Evolution of e-FX Trading
The foreign exchange (FX) market is the most liquid in the world. Aside from pure dealing in currency, it is used to support equity transactions, as underlying for certain derivatives products and for hedging risk, among many other functions. The creation of the euro enhanced its profile greatly with the birth of a new super-currency, but what has altered it almost beyond recognition has been the emergence of electronic trading and the overwhelming communicative power of the internet.
The growth
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