Industry welcomes UK's FEMR recommendations

FX will become more transparent and processes will be tightened up

dsc-003-phil-weisberg
Phil Weisberg, Thomson Reuters

The foreign exchange industry is set for a significant change in the wake of recommendations put forward by the UK's Fair and Effective Markets Review (FEMR), which paved the way for tighter and more transparent processes and changes to practices such as last look and timestamping, market participants say.

Phil Weisberg, managing director and global head of FX at Thomson Reuters, says  the industry is facing a challenge where everybody needs to upgrade their procedures at the same time, and this

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: