FX platform proliferation branded unsustainable

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From left: Yaacov Heidingsfeld, David Poole, Dmitri Galinov

The flurry of new trading platforms that have launched in the foreign exchange market in recent months is unsustainable and will undoubtedly lead to further consolidation as the successful ventures are acquired and the unsuccessful ones are pushed out of the market, according to speakers at the FX Week USA conference in New York last week. "This happens in markets where new venues that get traction are snapped up by bigger players, or if they don't get traction they just fizzle away. At the m