Letter From the Editor

SPECIAL REPORT: FOREIGN EXCHANGE IT

by David Rivers

D2000-2 and EBS All Over Again?

When I was young I started a newsletter called FX Week. At the time, the market was on the verge of a revolution. Minex, Quotron FX Trader and Reuters were all launching new matching services into the interbank foreign exchange market. Voice brokers braced themselves but ultimately watched the spot market get siphoned away by those transaction platforms.

Of course, given the similarities between the systems, there was consolidation. Minex and

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