Photo: fxmarkets
New docs planned to allow easier comparisons of algos and LP dealing terms. The Global Foreign Exchange Committee (GFXC) is looking to develop standardised cover sheets for disclosures around foreign exchange algorithms and liquidity provider (LP) dealing terms in an attempt to boost transparency for end-users. “The idea is to have a standardised cover sheet where people can access the information on those sorts of issues in an easy-to-find location and compare more easily across counterparties,” said Guy Debelle, chair of the GFXC and deputy governor.
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