Although the survey concluded that most respondents were satisfied with their aggregation, more than one-third said they planned to improve their liquidity aggregation capabilities soon. The survey was based on 135 responses from mainly US-based FX participants, with 55% classifying themselves as buy-side firms and 36% as on the sell side. “Even though everybody now says they understand that you can aggregate the market, there’s still a big emphasis on how markets are aggregated, not just that they are,” StreamBase’s chief executive, Mark Palmer, tells EuromoneyFXNews.
Market participants typically use the Financial Information Exchange (FIX) protocol....
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