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FX markets in the age of fintech

Jaromir Tonner

A chapter in CNB Global Economic Outlook - August 2022, 2022, pp 14-17 from Czech National Bank, Research and Statistics Department

Abstract: Digitalisation has gradually changed all financial markets to a greater or lesser degree, and FX trade is no exception. However, the forex market is quite specific, being decentralised, fragmented, partially opaque and largely unregulated, so determining the exact impact of technological change on it is not as straightforward as it is for stocks, bonds, exchange-traded derivatives or even crypto assets. This article tries to take stock of the fintech-induced changes in FX trade that are likely to be of lasting economic significance.

Date: 2022
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