Buy side seeks more clarity on FX trade rejects

rejection question - Getty - FX Week montage.jpg — FX Week montage

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Foreign exchange dealers may not be properly explaining themselves when declining to accept a client order, according to a Bank of England official.

Minutes from the central bank’s Foreign Exchange Joint Standing Committee meeting on May 9 – first published this week – show James O’Connor, head of the BoE’s forex and money market desk, observing the current mish-mash of communications may not be useful to clients.

“The information provided may not in some cases be particularly informative,”

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