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Single Dealer Platforms – Where are we heading?

The modern era of FX trading is widely recognised as beginning with FX Connect, launched by State Street in 1996 to replace voice trading with customers – The first single dealer platform (SDP). FX Connect made FX trading more efficient and considerably reduced operational risk. The launch of FX Connect heralded an unprecedented period of

  • Editorial Team
  • November 5, 2021
  • 1 minute

The modern era of FX trading is widely recognised as beginning with FX Connect, launched by State Street in 1996 to replace voice trading with customers – The first single dealer platform (SDP). FX Connect made FX trading more efficient and considerably reduced operational risk. The launch of FX Connect heralded an unprecedented period of change in the FX market, notably the advent of multi-dealer platforms (MDP), which started with the launch of Currenex in 1999.