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Is The Forex ECN Market Getting (Too) Crowded? FastMatch Latest To Join.

|Includes:Ameriprise Financial, Inc. (AMP), AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FX, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, JPM, LUK

FXCM and Credit Suisse base FastMatch on CS's Crossfinder.

FXCM logoIt seems as though the Forex ECN business is getting crowded. At a time when incumbents such as Hotspot FX, FXall and ICAP-EBS are having a tough time growing volumes, we recently saw new entrants crop up, including traFXpure (backed by France's Tradition) and MoltenFX. Today comes news that FXCM and Credit Suisse are introducing a new business called FastMatch, which will be based on Credit Suisse's existing Crossfinder matching engine, used primarily today for equities.

For more details see LeapRate's Forex Industry News at leaprate.com.

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Stocks: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FX, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, LUK, JPM