Global FX Market Liberalization and the Rise of Electronic Trading (1980-2005)

1. UK abolishes exchange controls

   Oct 24, 1979Labels: United Kingdom, Exchange Controls

   • Hansard
   • HMRC

2. US deposits act expands competition in banking

   Mar 31, 1980Labels: United States, Depository Act

   • Fed Statutes
   • Fed History

3. Plaza Accord coordinates major currency intervention

   Sep 22, 1985Labels: Plaza Accord, G5 Finance

   • Plaza Accord
   • CitiGPS

4. London “Big Bang” accelerates financial market modernization

   Oct 27, 1986Labels: London Big, London Stock

   • Goldman Sachs
   • Big Bang

5. European Community issues capital liberalization directive

   Jun 24, 1988Labels: European Community, Directive 88

   • EUR Lex

6. EBS formed to expand electronic interbank trading competition

   Jan 1, 1990Labels: EBS, Interbank FX

   • EBS
   • CME Group

7. Reuters releases D2000-2 electronic FX matching

   Jan 1, 1992Labels: Reuters D2000-2, Electronic Matching

   • D2000 2

8. BIS highlights systemic FX settlement risk

   Mar 9, 1996Labels: BIS Report, Settlement Risk

   • BIS CPMI
   • NY Fed

9. UK FSMA creates a single financial services regulator

   Jun 14, 2000Labels: UK FSMA, Financial Services

   • UK Parliament
   • FSMA 2000

10. FXall goes live as multi-bank electronic trading venue

    May 10, 2001Labels: FXall, Multi-dealer Platform

    • FX Markets
    • LSEG

11. CLS begins operations to reduce FX settlement risk

    Jan 1, 2002Labels: CLS, PvP Settlement

    • Global Treasurer
    • BIS CPMI

12. BIS survey links electronic brokers to changing FX dealer activity

    Mar 18, 2002Labels: BIS Survey, Electronic Brokers

    • BIS Release
    • BIS Survey

13. BIS reports FX turnover rebound as e-trading scales up

    Sep 28, 2004Labels: BIS Report, FX Turnover

    • BIS 2004
    • ECB