LatAm electronification – a market stuck in the past
Electronic pricing and execution of Latin American currencies is still lagging, say dealers
Trading interest in Latin American currencies may have been at its highest levels for years, but the electronic pricing and execution seen elsewhere in the global foreign exchange market has been slow to catch on.
Latin America’s largest two currency markets – Brazilian real and Mexican peso – have led the pack in progress towards electronification. As of April 2023, average daily volumes for US dollar/Brazilian real trades executed via public electronic platforms grew by 26% year-on-year to $4
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