FX industry needs technology innovation not regulation
Sector should fight back and buy-side participants exert pressure
Participants in the foreign exchange industry must fight back against allegations of market abuse, according to panellists speaking at FX Week USA in New York, adding that innovative technology will provide a better answer than regulation.
Increasing regulatory supervision of the WM/Reuters benchmark and the industry in general is not necessary to improve the way participants execute their orders, say the panellists, who agreed there are already technological solutions available to help people
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