One of the more surprising developments in the FX market over the past few years has been the continued strength of trading platforms. At the beginning of the decade there was a feeling that brokers were fed up of working with multiple trading venues and that the number of platforms would decline. But consolidation and retrenchment have in fact been limited.
As a result, brokers are now spending weeks or even months gathering information, conducting background checks and negotiating contracts with potential liquidity providers, while assessing them against a range of criteria including reputation, reliability, liquidity depth, technology, regulatory compliance and support.
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