A new foreign exchange swaps venue that gives voice trading desks the ability to match interest with e-books run by some of the biggest dealers could mark a significant step forward in the electronification of the interdealer market, its founders say.
FXswapX, a dark matching platform built by Fintech incubator FastFin Labs, utilises a technology model where banks can effectively mask their FX swaps streaming data through encryption, which is then aggregated to create a midpoint benchmark rate
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