Market poised for further trading time reductions across ECNs
As Cboe FX halves trade response times, others are expected to follow – for better or worse
A week might be a long time in politics, but 35 milliseconds is an eternity in the world of foreign exchange – which is why an increasing number of market participants believe that all electronic trading platforms will soon reduce the number of milliseconds in which liquidity providers (LPs) are allowed to review a client’s trade request before accepting or rejecting it.
In January, Cboe FX became the first electronic communication network (ECN) to announce it will reduce the maximum order
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