Vol boosts rules-based trading services

More users – and more platforms – turn to auto-RFQs for smaller tickets

As volatility returned to foreign exchange markets over the past six weeks, buy-side traders have been leaning more heavily on automated assistants – services that allow users to obtain quotes and execute trades without human involvement.

It’s a temporary surge in demand that platforms see as part of a wider trend – and competition is starting to heat up. Established services are adding bells and whistles, new platforms are rolling out their own services, and all of them are trying to fend off