

P2P platforms look to bring banks into the fold
The USP of peer-to-peer FX matching venues is that they cut out the middleman. So why are they now inviting them in?
Peer-to-peer (P2P) matching is one of the more utopian concepts in the foreign exchange world. Real money buy-side firms like asset managers, corporates and pension funds – that don’t speculate on FX – would see their spot FX positions match off with each other on an anonymous platform, excluding banks and predatory fast money firms from the liquidity pool.
Buy-siders are largely supportive of this idea, but the practicalities of placing and matching orders on these platforms have made it
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