Algorithmic trading is taking hold in the foreign exchange market, leaving prime brokers regularly having to handle several hundred thousand trades a day. On busy days last year, volumes came close to hitting capacity at several banks and slowed vital market infrastructure. With the market showing little signs of shrinking, participants have had to address the problem.
The industry has already looked to tackle the thorny issue of settlement risk with the establishment of CLS Bank in 2002. Howeve
The week on Risk.net, July 14–20, 2017Receive this by email