LMAX CEO David Mercer: "We need to be in New York in the next 12 to 18 months."
Volatility and activist central banks have attracted institutions to FX trading in 2013.
Clear pattern emerging of slow institutional, but decent retail volumes in October.
Has global fiscal stimulus killed the 'carry trade'?
Large FX clients moving to ECN trading and FX-specialist firms for analysis.
Steady retail margins, growth is in Asia, big White Labels coming...
FXCM's acquisitions keep its volume levels up in a slow-growth market.
.... although U.S. trading volumes are down significantly.