CTAs Increasingly Turn To Interbank Market Banks Get Friendly, Exchanges Plan Recourse
EXCHANGES
Currency fund managers, who were once content to do the bulk of their currency trading on the U.S. futures and options exchanges, are increasingly turning to the interbank foreign exchange market, officials surveyed say. Although many say that this will likely continue as the size of their funds grow, exchange officials say they aren't going to let the business slip away without a fight.
"A lot of the big CTAs are using the interbank markets more and more," says Jane Martin, an executive officer
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