A peek inside GFXC’s algo cover sheets
Order priority and segregation policy among the items under discussion
Plans for new disclosures on foreign exchange trading algorithms are taking shape. The industry body tasked with overseeing currency markets is working on a list of items to include in ‘cover sheets’ that algo providers will be required to publish.
The standardised documents would help users assess different algorithms – a push for greater transparency and comparability in a market that is increasingly crowded and complex.
Under consideration are questions such as how an algo provider
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