Non-bank market-makers look to build customer franchises

A new breed of real, alternative market-making community starting to emerge

David Mercer at LMAX Exchange
David Mercer, LMAX Exchange

Non-bank market-makers are increasingly looking to build direct relationships with clients as well as building up a customer franchise by hiring sales people and connecting to clients directly on relationship-based trading venues, people familiar with the trend told FX Week.

The new approach is a move away from the practice of streaming prices to anonymous central limit order books and the top-of-the-book price provision that is traditionally associated with alternative liquidity providers with

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: