Siege FX to roll out peer-to-peer netting

FX space is now ready for such a service, says technology provider

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Netting even 20% of orders can reduce execution costs by more than 50%, says Claude Goulet

While there have been calls from buy-side market participants for a fair and transparent netting service for several years, no such tool has emerged for financial institutions active in the foreign exchange industry. That is until now, with the creation of Siege FX, a peer-to-peer netting service founded by Claude Goulet, its chief executive.

Siege, which is currently in beta testing, allows market participants to reduce the number of FX transactions sent to market by netting some of their

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