Gearing up for FX’s blockchain resurgence
FX markets can benefit from the digital asset revolution but need to pay attention now, says LMAX Group’s Mercer
From bartering, to cable, to phones, pits and finally electronification, the market for foreign exchange trading has experienced its share of evolution. Electronic trading was a game-changer, exploding global trade volumes, increasing efficiency and reducing transaction costs for all.
Yet the biggest evolution in capital markets – digital assets – is yet to make itself felt, and FX desks are best placed to seize the opportunity seemingly recognised by clients globally.
To a casual observer, FX and
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