Eurex recently revealed it will impose a speed limit on fixed-income options trading from December, while it was reported in the Wall Street Journal that Cboe Global Markets was looking at introducing a brief delay on one of its equities exchanges.
Speed bumps are nothing new – many banks use them – but their potential imposition on FX exchanges has caused alarm in some quarters.
For example, Kevin Kimmel, global head of e-FX for Citadel Securities, describes the proposals by equities exchanges to implement asymmetric speed bumps as harmful to equity markets.
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