Clearing and decoupling of execution/credit will dominate
KCG sees growth in clearing, the Global Code of Conduct, and separation of credit and execution as big themes
The decoupling of credit and execution will gain traction in 2017, as the appetite for clearing ramps up due to regulatory drivers – a development that will lead to profound structural shifts in the market and the potential for new participants to enter non-spot products.
Mike Cahill, head of relationship management at Acknowledge FX, the foreign exchange market-making business of KCG, says clearing will continue to evolve as a number of firms are looking for a solution to the physical delivery
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