BlackRock exec pushes for FX swaps Clob | Foreign exchange Information
BlackRock’s international exchange trading head has backed the development of an all-to-all venue for FX swaps to improve price transparency and permit for more automated trading.
For the buy aspect, FX swaps are usually traded through request-for-quote, the place customers individually ask a quantity of sellers for a price. However Yudhveer Chaudhry, international head of rising markets, FX, commodities and digital property trading at BlackRock, stated he needs to see the development of an exchange-style central restrict order ebook
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