(Reuters) Conventional wisdom has it that as more participants join a market, it leads to better price discovery and therefore greater efficiency. Not so, according to a study of the world’s foreign exchange markets by Roel Oomen, global co-head of electronic FX spot trading at Deutsche Bank (DBKGn.DE), one of the world’s top FX trading banks.
Less Not More Is Key to Efficient FX Markets, Deutsche Bank Finds
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