Regulating FX market may prove costly

Foreign exchange is the last unregulated asset class, but that is starting to change, with major implications for banks, brokers and investors.

Trading foreign exchange has been lucrative for the major international banks that dominate it. The asset class continues to grow, now experiencing $5.3 trillion of average daily turnover, according to the Bank for International Settlements.

¬ Haymarket Media Limited. All rights reserved.

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