The secret weapons of e-commerce

Joel Clark of FX Week

Asked by FX Week earlier this month what changes will need to be made to the single-dealer platform model to render it compliant with the likely obligations for swap execution facilities (Sefs), the head of foreign exchange at a top-tier bank described the answer as the "secret weapons programme" now under development at most banks.

The question has been widely debated during 2011 and the answer, whatever it might be, is likely to be a defining theme of 2012 as Sef rules are finalised and

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