Non-bank LPs boosted by TCA developments, study finds

Financial consultancy Greenwich Associates sees counterparty diversification as a strong trend

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Ups and downs: the ability to compare execution will benefit alternative liquidity providers

Improvements in foreign exchange transaction cost analysis (TCA) are boosting the prominence of non-bank market-makers, as clients are increasingly able to differentiate and contrast the execution quality achieved with traditional and alternative counterparties, a survey of liquidity trends from Greenwich Associates shows.

As traditional FX market-makers, the banks have modified their approach to liquidity provision, with the rising cost of capital and balance sheet usage, greater regulatory

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