Lack of liquidity spurs innovation
NEW YORK - The innovative instincts of the foreign exchange community have shone over the past nine months, according to a panel discussing trading in illiquid markets at the FX Week USA congress in New York last week (July 7).
Josh Levy, managing director at Tactical Asset Management, said that, in response to the market environment, trading volumes at his firm had "exploded" while trade sizes had shrunk. "The algorithmic trend has accelerated in the past nine months and we have traded
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