FXPBs call for new approach to credit allocation
The management of credit remains a big challenge for foreign exchange prime brokers (FXPBs) dealing with multiple electronic communication networks (ECNs) and some are calling for a central credit limit to be applied across all ECNs in real time.
The problem arises when credit is distributed, through a prime broker, across multiple execution venues, which results in the prime broker losing some control over that credit line. Some FXPBs believe there needs to be tighter control over credit to
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