# The Future of FX: Too Many Cooks?

## Over half of all trades in the foreign exchange market are now conducted electronically, with new players and venues entering the market.

It’s not often that you see the figures thrown around the financial markets written out in full. Millions, billions, even trillions of dollars become almost abstract concepts without the actual zeros on paper. So consider the trading volumes of the foreign exchange (FX) market, a figure that now exceeds $5 trillion on a daily basis. That’s$5,000,000,000,000 in a market that has been historically unregulated and without a central counterparty…traded every day.

To date, the fines meted out to tho

#### Waters Wavelength

###### Waters Wavelength Podcast Episode 92: The Best of Sibos Toronto

While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.