In the 1910s, US sportswriter Hugh Keough coined the phrase “The race is not always to the swift, nor the battle to the strong, but that’s the way to bet”. Fast forward 100 years and with so many price discrepancies between currencies across all parts of the world, whoever has the fastest access to quotes will always be well placed. The trouble is that the fragmented nature of the FX market means speed alone is not enough.
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