CLS says FX need not be opaque

The belief that OTC is more opaque and risky than trading on an exchange is, as we all know, tosh. CLS Bank has something to say on the issue: “The provision of trade data repositories that can ensure transparency of trading, achieve timely matching and confirmation, and provide full information on the size and structure of the market in one venue is attracting heightened regulatory interest. The need for such repositories is currently being prescribed for derivative markets.”

The belief that OTC is more opaque and risky than trading on an exchange is, as we all know, tosh. CLS Bank has something to say on the issue: “The provision of trade data repositories that can ensure transparency of trading, achieve timely matching and confirmation, and provide full information on the size and structure of the market in one venue is attracting heightened regulatory interest. The need for such repositories is currently being prescribed for derivative markets.

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