Two years ago, the world of e-forex was frenzied. A
realization had dawned on the market that, as an already
commoditized product, foreign exchange lent itself well to
simplified trading models such as those that the web had to offer.
The race began to build systems that traded currency spot, forward
and swap products.
Two years on, things have changed. Online forex trading has proved
that it has staying power. Unlike in other asset classes, and with
the exclusion of Atriax - perhaps the exception that proves the
rule - few forex trading systems in either the wholesale or retail
markets have collapsed. Systems built two years ago are still
going, most stronger than ever.
But the colour and frenzy that surrounded e-forex has gone. Indeed
some might say that e-forex is eliminating the colour and frenzy
that has characterized the forex industry as a whole for years.
Trading floors are quiet...
