FX Week Europe: Fix reform must address risk-reward imbalance
Substantial changes might be needed to the way foreign exchange benchmark exchange rates are used and calculated to better compensate market-makers for the risk they take when providing fix-based execution, according to a group of senior executives at trading platforms and technology providers.
Speaking at the FX Week Europe conference in London yesterday, panellists echoed the comments of a senior official at the European Central Bank, who suggested widening the time window in which FX
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