Difference of opinion over future of exchange
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The panel consisting of brokers, technology vendors and the buy side showed that views continue to vary widely in the market.
Officials from brokers on the panel, including James Sinclair, head of research and strategy at EBS, and Chris Defilippo, head of e-forex Fimat, argued against the need for an exchange in FX.
Sinclair said cash FX does not have credit mitigation and settlement concerns seen in securities or complex derivatives markets because of prime brokerage and CLS. "It's not clear
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