A new maturity for FX?
EXCHANGE OPINION
In the past week, two landmark deals, one actual and one reputedly on the way, have been reported. Both concern more or less anonymous electronic forex matching systems being bought by mature businesses better known for activities in other asset classes. Does this imply a rush of support for a new market model, a multi-asset class exchange-based one, with a preferred location for clients and another for dealers? More likely, we feel, this implies a maturing of foreign exchange as a multi-faceted
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