FX Week USA: Speed bumps not the way forward for platforms

Dmitri Galinov and David Mercer at FX Week USA 2013

The use of randomisation logic to eliminate the execution advantages gained on foreign exchange trading platforms by some high-frequency traders (HFTs) was denounced as little more than a "marketing ploy" by a group of platforms and technology vendors at the FX Week USA conference in New York yesterday.

Speaking during a panel discussion, David Mercer and Dmitri Galinov, chief executives of LMAX Exchange and FastMatch respectively, agreed the use of randomisation, which is a central tenet of

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