74% of FX volumes now executed electronically

Abstract

Nearly three-quarters of global FX volumes were executed electronically in 2103, up from 71% in 2012, allowing the top four largest currency trading banks, Deutsche Bank, UBS, Citi and Barclays, to tighten their grip on the market by capturing almost half of all flows, according to a report from consultancy firm Greenwich Associates. The report says that financial institutions have increased the share of electronically executed volumes to 77% and retail aggregators have upped the share of electronically executed flows to 98% over the past year. Electronically executed volumes in G-10 currencies have reached 79%, and 56% of emerging markets flows have been put through electronic execution venues over the past year.