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FX markets in the age of fintech

In: CNB Global Economic Outlook - August 2022

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  • Jaromir Tonner

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.

Suggested Citation

  • Jaromir Tonner, 2022. "FX markets in the age of fintech," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - August 2022, pages 14-17, Czech National Bank.
    • Handle: RePEc:cnb:ocpubc:geo2022/8
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