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FX’s Biggest Market Takes Another Run at Ditching Phone Trading
Source: Bloomberg
Currency & FXDerivatives & VolatilityTechnology & Innovation
The $4 trillion-per-day currency swaps market is moving to reduce its dependence on dealer phone trading, as electronic venues pursue automation in a historically manual segment of FX. The shift could improve execution efficiency, transparency and scalability in currency-swap trading, though the article provides no specific adoption timeline or financial impact.
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