Dealers eye benefits of ‘on-chain’ FX
Automated market-makers are already used for EUR/USD trades – now can they tackle settlement risk?
Dealers are becoming intrigued by the possibility that automated market-making (AMM) protocols in foreign exchange could pave the way for decentralised trading and instant settlement.
AMM is a new concept emerging from the world of crypto and distributed ledger technology that offers a potential replacement for central limit order books. Pioneered by decentralised exchange Uniswap, it uses an
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