The regulation, going into effect on May 1st, requires firms to display mid-point prices for foreign exchange (FX) pre-spot, forward outrights, non-deliverable forwards, and swap trades.
Meeting the new requirement well ahead of deadline ensures no additional costs or delays for TradingScreen's users, and the newly-supplied mid-point information, to be calculated by either TradingScreen or directly supplied by brokers, will be doubly useful for transaction cost analysis (TCA), as well.
"The new Dodd-Frank requirements add a great deal of transparency and insight into foreign exchange trading," says Jon Fatica, the platform's head of analytics. "The mid-point price information makes our current transaction cost analysis platform even more valuable, helping traders identify lower-cost execution venues and increase alpha."
Victor Anderson, who is in town from London, joins Anthony and James to dig into the key themes from Waters USA.Subscribe to Weekly Wrap emails
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