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.
Tag: Spot FX
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.