Currenex case may herald focus on e-FX’s ‘Wild West’ days
FX sources say “uncomfortable secrets” could emerge as attention turns to platform relationships
Currenex may be in the crosshairs of a new lawsuit in the US, alleging users of the platform were harmed by secret deals it agreed with some market-makers – but some believe it could be the start of a wider look at the behaviour of other venues and their liquidity providers (LPs) in the early days of electronic trading, and the years that have followed.
After initially focusing on trading behaviour in the FX markets, attention has gradually been turning to the trading venues and their
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