LMAX chief executive predicts FX volumes to double by 2020
Global foreign exchange volumes could double by 2020 due to growth in emerging markets (EM) currencies in Asia and Russia, according to David Mercer, the chief executive of trading platform LMAX Exchange, which has added ruble and offshore renminbi to its list of traded currencies to benefit from the surge in volumes.
The multilateral trading facility is also set to expand into other FX instruments, such as swaps and non-deliverable forwards, in the near future. The platform currently has 65
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