FX code adherents may get better pricing, say LPs
If trading platforms reveal buy-siders’ code status, signatories could see lower prices
Buy-side signatories to the foreign exchange industry’s global code of conduct may receive preferential pricing if FX trading platforms make that information available to market-makers.
In a series of planned changes to the FX global code as part of its three-year review, the Global Foreign Exchange Committee has proposed trading platforms be responsible for providing information on the signatory status of users, including anonymous and semi-anonymous venues. Depending on the trading protocols
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