Shifting sands

Foreign Exchange


Electronic trading of foreign exchange continues to grow strongly, although the landscape is changing. Of the two major electronic forex trading platforms, one has changed hands, with the acquisition by interdealer broker Icap of EBS, while the owner of the other, Reuters, has announced a new platform in conjunction with the Chicago Mercantile Exchange (CME).

Meanwhile, Citigroup-owned trading technology provider Lava Trading plans to launch a platform later this year that it claims will leap