Yep, nonbanks are providing more currency market liquidity
- High-speed electronic market making is on the rise in currency markets
- Algorithmic traders have more than tripled their forex volumes over the last three years (to around $200 billion a day)
- Citadel Securities foreign-exchange volumes are up 83% in H1 of this year
- Global Trading Systems has tripled activity since the U.K.'s Brexit decision
There is plenty more detail at the full article here on Bloomberg, highly recommended read!