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Electronic Trading and the Australian Foreign Exchange Market

Author

Listed:
  • Alexandra Heath

    (Reserve Bank of Australia)

  • James Whitelaw

    (Reserve Bank of Australia)

Abstract

The introduction of electronic broking to the foreign exchange market in the early 1990s signalled the start of a process of innovation that has driven significant change. This article looks at the evolution of electronic trading in the global foreign exchange market and focuses on its impact on the behaviour of banks globally and in the Australian market.

Suggested Citation

  • Alexandra Heath & James Whitelaw, 2011. "Electronic Trading and the Australian Foreign Exchange Market," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 41-48, June.
    • Handle: RePEc:rba:rbabul:jun2011-06
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2011/jun/pdf/bu-0611-6.pdf
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    References listed on IDEAS

    as
    1. Gabriele Galati & Alexandra Heath, 2007. "What drives the growth in FX activity? Interpreting the 2007 triennial survey," BIS Quarterly Review, Bank for International Settlements, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Matthew Brooks & Cameron Deans & Peter Wallis & Benjamin Watson & Mark Wyrzykowski, 2013. "Developments in Foreign Exchange and OTC Derivatives Markets," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 59-70, December.
    2. Ledenyov, Dimitri O. & Ledenyov, Viktor O., 2015. "Wave function method to forecast foreign currencies exchange rates at ultra high frequency electronic trading in foreign currencies exchange markets," MPRA Paper 67470, University Library of Munich, Germany.

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