LMAX throws down the gauntlet to UK regulators
Exchange finds clear evidence that the market should be rules-based and move to execution-only venues
LMAX Exchange is calling on UK regulators to implement new industry standards, and commit to a clear timeline for "ridding the market of practices open to abuse" and "end two years of regulatory inertia", citing a new survey conducted by the trading venue.
The report, called The road to FX reformation: Restoring trust – a second look at market progress, shows 65% of the 1,100 respondents do not believe they receive fair execution when trading FX. The majority of those surveyed doubt the Global
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