Buy side takes control of execution as liquidity worsens
Risk warehousing ability isn't there any more, say large buy-side traders
Buy-side market participants are looking to take more control of FX execution, accelerating the transition from a principal risk-transfer to an agency execution-style model, as the time decay of trades declines rapidly due to counterparties' inability to warehouse risk for longer periods of time, panellists said at the ninth annual FX Invest conference in Amsterdam.
At the event on February 24, speakers highlighted deteriorating liquidity conditions as fewer participants feel confident
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