Further analysis is required once the review of the FX Global Code of Conduct is finalised before spot FX is included under the market abuse rules, ESMA has said.
Tag: Spot FX
David Mercer, CEO of LMAX Group, says spot FX trading could move to 24/7 trading within five years as the venue launches weekend currency trading service.
Asset managers have poured cold water on plans to expand MAR to include spot FX due to the impact of the FX Global Code of Conduct.
Instinet reaches beyond equities to incorporate foreign exchange through launch of new agency trading business.
Spot FX is currently out of scope of MiFID II and MAR, but ESMA is contemplating bringing the market in scope of the market abuse rules.