Disclosed FX venues could be next to demand code compliance
Pressure mounts on trading houses to follow anonymous platforms and make compliance mandatory
Electronic foreign exchange trading venues that operate disclosed liquidity platforms are facing pressure to only allow access to market-makers that have signed up to the FX Global Code of Conduct.
Last month, Cboe FX announced that, from April 3, it would require all liquidity providers (LPs) looking to make markets on its anonymous FX spot platform to have signed statements of commitment to the code. In August 2022, the venue was the first to make compliance mandatory for LPs trading on its
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