BestX: FX Code may bifurcate liquidity in 2018

This could lead to venues having to manage multiple liquidity streams

Pete Eggleston
Pete Eggleston: liquidity streams will split as liquidity takers decide to only participate with counterparties who sign up to the Code

The FX Global Code of Conduct could bifurcate liquidity and force venues to manage additional pricing streams, as the industry splits into those who have committed to the Code and those who will not.

“I think 2018 is going to be the year of the Global Code of Conduct,” says Pete Eggleston, co-founder of analytics firm BestX.

“It could potentially bifurcate the provision of liquidity. We could see a situation whereby liquidity takers decide to only participate with counterparties, venues or

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