Foreign Exchange's Glowing Future
This week I attended the FX Week USA reader conference in Manhattan, hosted by sibling publication FX Week, and was rather amazed by the advancements in the industry.
If there is a market to watch for the next two years, it is the foreign exchange (FX) market. It is fragmented, dealer-dominated, non-listed and really can't be regulated too much by national regulators due to its global nature—everything that investment banks love.
However, the FX markets will go through one of those generational
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