Truly Going Global
Once these exchanges have completed setting the stage, it shouldn't be long before traders in two different markets see the same asset quoted, traded and settled in their respective local currency with the help of a spot foreign exchange (FX) trade to make it possible.
Initially, this would most likely be available for the transatlantic markets. None of the U.S. or European exchange operators has found a way to bring the Asian markets into their respective fold as of yet. There are a number of outstanding memorandums of understanding (MoUs) between these firms, but none that will allow for integration on a business or technical level to extend these kinds of capabilities in the near future.
In the meantime, the industry will sit back and watch the exchanges continue to pull technological rabbits out of their hats as we inch closer to those capabilities.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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