Has Covid stopped the clocks on FX timestamp efforts?
Budget reallocation may not be the only factor stalling standardisation progress, say participants
The foreign exchange markets’ push towards standardised timestamps – and greater transaction cost analysis (TCA) – has stalled. Since February 2020, when the Investment Association published a best execution guide for timestamps, the industry has made no concerted effort to standardise more granular timestamps.
And while regulations may require venues to record trades to the nearest millisecond
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