The last decade of this millennium has witnessed huge and profound changes in the foreign exchange market, which involves nearly every bank in the world and every company with overseas business interests. Although the market has grown more than 30 percent over the past three years, the number of players and providers has shrunk as the banking industry continues to consolidate. This report looks at developments in the foreign exchange markets, trading technology, netting and settlement differences, EMU and emerging markets. From Reuters Business Insight.
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