Which fx trading venues are used in UK?
According to a recent report by London Foreign Exchange Joint Standing Committee, 62 % of the daily forex spot transactions are done either with electronic forex brokerages (41 %) such as Reuters, or by electronic forex trading (21 %) with brokers such as ForexYard or AvaFx. The most popular currency pairs to trade in UK is GBP/USD, followed by GBP/EUR.
High volume and transparency
The competition in forex market along with advances in technology have brought high transparency and low transactions costs. Never before has it been this cheap to trade forex.
