FX Focus - No corporate love for Clobs
Corporates still doing e-FX business on RFQ platforms
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Corporate FX users have yet to buy into the central limit order books (Clobs) offered by many e-FX trading platforms, as a lack of trading flexibility, higher prices and regulation conspire to keep treasurers sticking to the traditional request-for-quote (RFQ) model.
"Buy-side involvement with order books, though growing, is still relatively small, and it has definitely yet to trickle down to corporates," says Peter Best, chief operating officer of the Icap
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