Currency Swaps Market Seeks to Automate Trading, Reduce Phone Reliance
6 Articles
6 Articles
FX's Biggest Market Takes Another Run at Ditching Phone Trading
The foreign exchange swap market, which moves $4 trillion a day, tries to break its dependence on operators who negotiate over the telephone, with trading platforms seeking to automate this segment of the foreign exchange market that resists change and remains essentially manual. About 56% of foreign exchange swaps are already traded electronically; however, this index contrasts with about 71% of the transactions in sight, according to the Inter…
There is a new impetus to make more of this electronic market, according to a sector meeting in Amsterdam
Why the $4 Trillion FX Swaps Market Still Relies on Phone Trading
Years of technological advances in electronic execution have largely passed the FX swaps market by. A significant share of this roughly $4 trillion-a-day market still relies on traders and voice brokers.London's trading industry is coming home!According to Bank for International Settlements data, around 56% of FX swaps are traded electronically, compared with about 71% of spot transactions. The difference reflects structural features that make s…
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapCurrency swaps market seeks to automate trading, reduce phone reliance
The $4 trillion-a-day FX swaps market is pushing to automate trading with new platforms from DIGITEC, 360T, and FastFin Labs launching in April
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