A new era for global FX
Neill Penney, co-head of trading at Thomson Reuters, says innovation rather than regulation can finally be the driving force in FX markets
From the financial crisis to the eurozone crisis and the benchmark-fixing scandal to the FX Global Code, this has been a decade of unprecedented change in foreign exchange. Yet, for the first time in years, the industry has finally reached a point where the bulk of regulatory implementation is complete, freeing up market participants to concentrate on innovation and business growth.
While innovation has not always been the priority in recent years, there are exciting opportunities for foreign
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