FX industry shows little appetite for single API
Market players sceptical over need for standard programming code to connect clients with services
For the past four years, Citi has been working to fix what it sees as a problem with its foreign exchange trading services: a multitude of programming codes used to connect clients with its various services and products.
These so-called application programming interfaces (APIs) also differ between banks and other liquidity providers (LPs). But not everyone agrees with Citi that it is desirable, or feasible, to replace them with a single industry API. The worry is that doing so will stifle
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