Foreign exchange has emerged as an asset class with its own arbitrage and trading opportunities. And the adoption of electronic trading in foreign exchange has caused a fundamental change in the way traders do business. Now, a proliferation of single bank, multi-bank, broker sponsored and independent trading platforms has caused the FX market to become fragmented.

An FX dealer typically has to wrangle with trading screens from different multi-bank liquidity providers and frequently has a single bank platform or two thrown in as well. Trade prices, deals and volumes come at them often in sub-milliseconds—faster than the human eye can deal with. Following the various FX trading destinations has now become the role of computers.

Achieve FX Transparency via Market Aggregation

Read the paper Achieving Foreign Exchange Transparency via Aggregation to learn more about changes in the FX world and to also understand the role algorithms play. This paper presents ideas on market aggregation and how platforms like Progress® Apama® can help you customize automated applications that require an aggregated view. Market aggregation provides one-click trading across all liquidity, so traders are free to focus on high-value deals with only occasional manual intervention.