Record’s Wood-Collins: more disclosures needed
The UK-based currency manager’s chief says some asset managers appear to use only one counterparty for FX trading
Despite the proliferation of disclosure documents about foreign exchange practices, more transparency is needed regarding embedded costs and mark-ups, while the buy side needs to do more work around best execution, the chief executive of Record Currency Management says.
The arrival of the second Markets in Financial Instruments Directive (Mifid II) in January, and the FX Global Code of Conduct, which was published in May 2017, spurred sell-side providers to create and publicise a range of
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