Credit space needs innovation to fix it, panel says
13th annual FX WeekUSA delegates hear that non-banks are not in fear of losing their PBs
The foreign exchange market needs to find new and innovative solutions for credit intermediation in the market, as building costs for both provider prime brokers (PBs) and clients mean some client segments get left behind in spite of the growing role prime-of-prime (PoP) providers now play, panellists at the 13th annual FX Week USA conference told delegates.
The panel examined the impact changes in the credit space since January 2015 had on liquidity and the overall industry, with some arguing
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