Financial Times

Apr 18, 2019

Asset managers strive to cut out banks from forex dealing.

The bilateral nature of foreign exchange markets naturally leads to significant informational asymmetries between dealers and clients” Can direct peer-to-peer trading in wholesale currencies trading be cracked? New project, Siege, led by ex-HSBC banker matches trades with each other before sending them to the market, swapping currencies at a live, regulated reference rate provided by New Change FX.

To read article in full click here (subscription may be required).