There has been quite a flutter around the Financial Times story this week about Citi cutting the number of FX platforms it supports; to me – and I’m sorry to blow my own trumpet here, having written about just such a move in a previous column – I was not at all surprised and think […]
Many FX participants are already reviewing their FX operating model, building support for FX clearing and Futures in addition to their OTC FX.
This is not in the belief that the entire FX market will move to a cleared model, but it is evident that pioneering firms are already staking their claim as well as exploiting the values that hybrid OTC and Cleared products can bring; blurring the historic lines that have previously separated bilateral FX models, PB’d access to markets, OTC clearing, and FX Futures
After a number of years having to take reactionary measures in response to new regulatory requirements, panellists at Profit & Loss’ Forex Network New York conference expressed enthusiasm for a new wave of innovation that has the potential to re-shape FX market infrastructure. “Perhaps for the first time in eight years, innovation is back on […]