Vendors urged to curb toxic FX flows
FX Markets USA: Dealers may reward vendors that ‘self-regulate’, says Goldman Sachs’ Chattaway
Price aggregators in the foreign exchange market that take active steps to weed out liquidity providers (LPs) engaging in toxic behaviour may see more business coming their way, according to a senior banker.
“Those vendors that do [adopt] a sort of self-regulatory structure around the way they provision liquidity, I think might find themselves doing more business,” said Chris Chattaway, co-head of global G10 spot and Americas emerging markets FX delta one trading at Goldman Sachs.
Chattaway
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