:

Jon Vollemaere

co-Founder of FXecosystem

Where is the Foreign Exchange…?

Last year a colleague in the equities low latency game called and asked where the Foreign Exchange was located? He wanted a high-speed connection to it! After some explanation to him, I was struck by two thoughts

One, by my count there are at least 12 Banks, 6 ECN’s, 3 vendors and even a few funds that provide a decent amount of FX liquidity
So that gives us well more than 21 ‘foreign exchanges’ and the trouble is - they aren’t in one place, not even in one continent, and that’s before we start to talk about regional pairs or time zone gaps


The other thought was one of the relative difficulty of bringing equities technology into an OTC market like FX let alone the idea of bringing in new telecommunications  technology