Source: ClientKnowledge FX2004-2005 Study
Presented: ECB, March 2006
Distribution of growth in traded volumes 2004 to 2005
- If EBS / Reuters are included in the % of volumes transacted, then electronic trading is very high
- Otherwise estimated that more than 50% of market is electronic
- Algorithmic volumes made up 5% – 7% of overall volume by mid-2005 and may have doubled since