Can Clobs level the playing field in OTC FX options?

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The drive towards electronification in the FX options market has accelerated over recent years, with buy-side clients dragging their FX dealers into the modern-day world of e-trading.

But the interdealer market has largely stayed in the past and is one of the last true bastions of the over-the-counter world that has yet to embrace electronification. It remains heavily reliant on voice and chat-based execution at interdealer brokers, with expensive broker fees, making it a world dominated by a

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