Non-bank market-makers have made inroads, but are far from threatening the dominance of the world's top dealers

A new breed of non-bank market-makers has been making inroads in the vast foreign exchange sector, but they are far from threatening the dominance of the world's top dealers, according to a new report.

The combined market share of the top five dealers in the global foreign exchange markets sank to 44% last year, according to a new report from consultancy Greenwich Associates.

FX’s new breed chips away at dominant banks

Vivek Ahuja

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