Study Shows FX Deal Systems D2000-2, EBS May Take More Biz From Banks Than From Brokers
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Electronic FX order-matching systems, such as the Electronic Broking System (EBS) and Reuters' Dealing 2000-2, may be doing as much, or more, damage to the business of major banks as they are to human voice-broking firms, according to a study conducted by FX market consultant and former Bank of England foreign exchange department official Richard Comotto.
Ironically, the latest figures from EBS show that the bank consortium-owned matching system may have pulled ahead of Reuters D2000-2 in the
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