The Overlooked Research in the FX Market in Academic Research

The academic literature on optimal market making was mainly focused on the models which are more relevant for bones, stalks and even equity derivatives. Olivier: There should be more paper about the FX market making but also about FX problems in general. It has nothing to do specifically with market making. I do not have a sound theory to explain this. Maybe it's also the concentration of the FX markets to a few places. Tokyo is far more concentrated than London or New York.