GFXC to push for more LP disclosures

Following the publication of the final version of Principle 17, the committee will establish three new working groups

Top gear: GFXC aims to get under the bonnet of disclosures and practices on anonymous venues

The Global Foreign Exchange Committee (GFXC) is hoping to spur dealers into providing more disclosure around their trading practices on anonymous venues by establishing a working group to examine the adequacy of existing levels of transparency, a source has told FX Week.

While the Code is not expected to change further, a source says responses to the last look consultation highlighted the difficulties faced by buy-side participants when dealing on ECNs and trying to understand counterparty

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