BoE: High-frequency traders raise risks of liquidity event
Speaking at the FX Week Europe congress in London last Tuesday (November 15), Cross said officials at the BoE have expressed concerns about the possible emergence of a liquidity mirage in FX.
"The rise of market-makers outside of banks has certainly increased the number of people providing liquidity to the market, but that could potentially create a liquidity mirage that I and others at the bank have talked about," said Cross.
In September, the Bank for International Settlements reported that
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