Trading foreign exchange used to be a game stacked heavily in favour of the high rollers of the business: the major FX banks. Then, volume was everything; meaning not only high revenues and customer poll leadership, but also pricing power when trading with the lesser mortals of the market.
The big players continue to garner customer support thanks to their extensive reach, but the introduction of electronic trading and the transparency that comes with it has introduced an element of egalitarianism to the market. However, it is in the fast growing arena of automated FX trading that the playing field finally levels out for all market participants irrespective of size or type.
