Enforce clearing, catapult FX into the big league, say FX Week USA panellists

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“I see this industry becoming a huge asset class, not just for institutions but also for retail investors that bailed out of all the other asset classes. The only risk I see is counterparty risk,” said Dan Shaffer, president and chief operating officer of Shaffer Asset Management. “Every country will have an exchange of some sort that everyone will have to clear through.”

Craig LeVeille, director in foreign exchange products at CME group, agreed central clearing can expand the market by

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