Since the emergence of the Napster file-sharing app in the late 1990s, providers have sought to apply the peer-to-peer (P2P) concept to a range of services. In foreign exchange, this has spawned a number of venues and platforms, at least one of which suggested that the concept could become so successful that the big banks would become mere conduits for P2P services.
If a match is found, information leakage and execution costs are reduced. If no match is found, best-execution processes are improved
Blair Hawthorne, LoopFX
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