Ok everyone I would like to start a discussion relating to Forex and the developments that will be taking place over the next few years with an appraisal with where we are currently at. I have done some looking around on the internet and would appreciate everyoneâs input so we can draw up a model of how this market currently works how we can get the best access and how things may go in the future. It seems to me you have a few options when looking to trade forex at present. You can spend big money with large amount up front and go into an agreement with a tier one bank which will get you access to EBS Prime which is effectively the electronic portion of the interbank market. You can sign up with a prime broker/bank or clearing firm and trade on an ECN such as FX Connect FX All Currenex Hotspot FX market space This will give you access to Tier 1, 2 bank quotes as well as other participants quotes independent of the interbank market, this may result in actually better prices and fills as you can trade between other parties beyond the tier one banks. Effectively then it is a more diverse liquidity pool and probably larger than EBS Prime overall. You can access the market via a normal broker like IB or use Onada to have your quotes relayed to the 2 above systems. You can trade via a bucket shop if a pikey retail client. You can trade through normal broker using Futures on CME. I just hope that FX market space becomes the default standard and that you can gain access to it via a normal broker such as Trade station or IB or any of the others the same way you trade all other products with centralised clearing through CME as surely this is the best course of action in the future. Everyone gets the best price as the spreads would have to be honoured. Lots of input from everyone would be great so I can write this up and make available to anyone with questions.