Cross-Asset Desires Need FX Support
FRONT PAGE: NEWS ANALYSIS
NEW YORK—Automated foreign exchange (FX) is turning out to be a key milestone on the long road to the cross-asset Nirvana of a single platform for trading multiple instruments.
To get there, major FX vendors are moving toward consolidation as user firms search for the right cross-asset strategy where the FX link is a key provision.
Earlier this month, Nasdaq market maker Knight Capital Group completed its acquisition of Hotspot FXi as part of its growth plans. The Jersey City, N.J.-based trade
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