FX Tech Moves Forward Amid Scandals
Foreign exchange (FX) hasn’t had a good time of it lately. From far-reaching scandals over manipulation of various inter-bank offered rates, such as those in London (Libor), Europe (Euribor) and Singapore (Sibor)—in which 20 banks were chastised by the city-state’s regulator for fixing the rate—through to potential rigging of the 4 p.m. WM/Reuters benchmark, it’s been rare to find a positive headline for the asset class since 2011.
But technology development continues regardless, even if it has
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