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BlackRock’s foreign exchange trading head has backed the development of an all-to-all venue for FX swaps to improve price transparency and allow for more automated trading.
For the buy side, FX swaps are typically traded via request-for-quote, where users individually ask a number of dealers for a price. But Yudhveer Chaudhry, global head of emerging markets, FX, commodities and digital assets trading at BlackRock, said he wants to see the development of an exchange-style central limit order book
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