Who are the key FX White label providers and what type of services are they offering?
The increasingly competitive and commoditised FX market has rapidly taken to the opportunities opened up by the application of technology to streamline the business, increase trading volume capability and reduce costs. Technology is yet again the great enabler of this, though on-line trading volume statistics suggest that participating in the global electronic Foreign Exchange business is becoming a route open only to those banks with the investment appetite and the dealflow to really attack the market. The term white labelling’ has come become a catch-all phrase, designed to capture this idea of a repackaged service. The reality is that the term disguises a whole range of services, and it is worth reviewing a sample of the spectrum. The key aspects of this trend though are the blending of the liquidity, technology and support and it is interesting to see that players from those three areas are very evident in the mix of offers being launched from banks to product vendors through to ho
