FX options initiative of the year: GFI Fenics

Richard Brunt at GFI Fenics

At the start of a marathon, athletes line up to compete in the long and gruelling road race full of energy and enthusiasm, but 26.2 miles later they tend to look rather different. The best competitors will be exhausted but elated; the less well-trained will appear wearier and more battered; and some will inevitably have dropped out altogether.

The move to multibank trading of foreign exchange options might not be altogether dissimilar. One by one over the past two years, platforms have lined up

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