Pace in recent years surrounding cryptocurrencies and virtual currency becoming legal tender...
Date 26/10/2021 |
With new regulation closing in on the industry in the autumn of 2022, prime brokers are renewing their argument of the benefits of having non-cleared derivatives trades that require initial margin through a single broker counterparty. Tom Arnold, Head of North American Sales at Record Currency Management, offers his thoughts on seeing the broader interest in FXPB’s from asset managers and institutional clients. Whilst also adding upon alternative market observations from managers that such a move would add operational burden and complexity to FX products that do not currently require it.
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