In the late 90s, when the London
International Financial Futures Exchange (LIFFE) was forced to
change from an open outcry to a fully electronic exchange, arcades
were born. The closure of the Liffe floor meant that over only a
few months, there were literally hundreds of traders looking for a
desk to trade from. Small companies sprang up in London, where the
market has now reached saturation point. From the UK, this model
has spread across the world, and it is now eyeing up FX as a tasty
new liquid and volatile market.
Online Technology - a key differentiator for Trading arcades and
Heather McLeanFreelance writer
Heather McLean interviews industry players to see why Trading
Arcades & Prop shops are growing in influence and how their
trading models differ.
Once trained on an electronic FX platform, traders have two main
choices on where to take their skills. Either to a trading arcade,
where traders work their own account, or a prop shop, where the
trader works the shops account. FX is spreading through the
electronic trading rooms of the globe.
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