Banks to shun FX platforms over transparency
Customers on some multi-dealer trading platforms are missing out on best prices, due to a lack of transparency over the fees trading venues charge banks. Some banks have, as a result, pulled back from certain venues and are only providing best prices on their own platforms.
Certain banks are unimpressed with the tactics used by some FX platforms, FX Week has learnt, which include the prioritisation of price delivery to clients based on how much brokerage banks pay, rather than how competitive
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