Liquidity Aggregation Through FCMs Appealing, But Info Leakage a Question
Sunil Hirani, CEO of TrueEx, an electronic designated contract market (DCM) for swaps, said at the Futures Industry Association (FIA) New York Expo that futures commission merchants (FCMs) can provide that service. He cited Credit Suisse's AES platform as a model aggregation service in equities.
"There definitely is room for the FCM to package and bundle liquidity and offer that out to the buy side," says Hirani. "There's a heavy component of services that are being provided on top of execution
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