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Going institutional in London: We speak to ATFX Connect senior executive Matt Porter
We take a detailed look at how London's institutional FX market is evolving by speaking to ATFX Connect about its recent foray into the world's financial capital
London has maintained its position at the very leading edge of the world's institutional and interbank financial sector ever since the birth of capitalism over 400 years ago in what is now colloquially referred to as the Square Mile.
Its centuries-long tradition of global financial services and banking giants paved the way for global trade, and it is fair to say that almost all of the world's commerce has, over the generations, been facilitated either by, or through London.
With the modernization of the global markets and banking structure came electronic trading, and London's City and Canary Wharf financial powerhouses soon adopted the unfaltering stability of London's institutions which morphed into plate lass towers with huge electronically traded asset bases, at Tier 1 level.
Therefore, the institutional electronic trading industry's natural home is London, and it is not often that a new entrant arrives in the City. However, in September this year, ATFX, a retail FX brokerage with its origins in the Asia Pacific region, introduced its very own institutional trading desk in London, under the name of ATFX Connect.
Over the past two months, ATFX Connect has been strengthening its corporate structure, having recruited some highly esteemed senior FX industry
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