Single-dealer platforms (SDPs) increased their daily share of spot transactions by almost half between April 2019 and April 2020, according to the Bank of England’s semi-annual foreign exchange turnover survey.
In April 2019, SDPs accounted for 14.1% of these trades – just under $123 billion out of a daily total of more than $879 billion. This year that percentage rose to 21%, with SDPs trading a daily average of $163.6 billion out of a total of $776.2
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