Banks would love to get benchmarking ‘off their plates’ - FX Week Europe
Sell side supports idea of industry netting utility
Banks would love to divest themselves of the responsibility for client FX benchmark orders and would support the creation of an industry-wide netting utility to handle fix execution, according to David Fotheringhame, head of automated flow trading at Barclays' electronic fixed income, currencies and commodities business.
"I think most of the banks would love to get it off their plate. This was always offered as a service. Money is not made out of this... We fully expect that even if fees get
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