LSEG readies hard matching on forwards venue
Forwards Matching eyes Q4 start for new function that enables faster credit checks
London Stock Exchange Group is preparing to offer hard credit functionality on its interbank foreign exchange venue – a move it hopes will further accelerate the pace of electronification for FX swaps.
The pilot will go live in the fourth quarter with four banks, with the aim of rolling out the service to LSEG’s wider universe of dealers in the second quarter of next year. The functionality will enable banks to automate their credit-checking processes, a key component in the electronification of
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