Banks monitor FX options trading following Thomson Reuters withdrawal
The way foreign exchange options are executed is set for further change, as new regulations kick in demanding options be executed on organised trading venues, or swap execution facilities (Sefs), according to market participants.
Last week, it emerged Thomson Reuters had decided to quit interbank matching in FX options and focus attention on its Eikon product, a decision partly motivated by regulatory change. But senior options traders believe the news should be interpreted in light of the
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