FMSB warns of Ficc market vulnerabilities
In its annual report, the body representing the global Ficc market, highlighted areas of concern still needing attention
The electronification of wholesale fixed-income, currencies and commodities (Ficc) markets has led to the emergence of a series of vulnerabilities, the Ficc Markets Standards Board (FMSB) has warned in its annual report for 2017.
Potential sources of concern identified include the governance of e-trading venues and algorithms, the proliferation of different order types, and the controls – or the lack thereof – governing the development of new products.
In the case of governance of e-trading
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