Dealers split on best path to electronically hedge FX swaps
IDB costs see banks eyeing Clobs and dark pools, but traders say brokers still have their charms
A decade into the effort to move dealer-to-dealer foreign exchange swaps trading off the telephone and onto screens, more than two-thirds of interdealer volumes are still going through voice brokers.
But as pressure on brokerage costs grows, and new technologies allow for automated management of credit lines, banks are increasingly taking a closer look at electronic swap trading venues.
“The venues
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