Doubts raised over new FX platform disclosures
New disclosure sheet template will require platforms to outline how they charge for data
Electronic foreign exchange trading platforms may struggle to effectively provide information around how they use and charge for transaction data, trade associations and lawyers say.
As part of the three-year review of the FX Global Code, one of the changes will include an amendment to Principle 9, whereby platforms should disclose how they treat client-generated trade data that is not anonymised or aggregated, and who has access to it.
A new template will ask platforms to set out whether they
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