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Share of electronic trading remains low but host of factors promise to change that for good Print this page
Good things are meant to come to those who wait. Those waiting for greater electronification of over-the-counter foreign exchange options have been waiting unusually long, but good things are finally on the horizon.
The $297.5 billion market is dominated by voice trading. The reasons include the products’ inherent complexity, lack of standardisation
and low volatility, as well as the market’s relatively small size.
Some hurdles to electronic trading of OTC FX options are structural and are
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Non-US banks cut back on MMF dollar funding post-Covid – BIS Print this page
Money market funds (MMFs) provided fewer dollars to non-US banks after the initial outbreak of the coronavirus crisis, research by the Bank for International Settlements (BIS) shows.
As of end-2020, non-US banks’ use of MMFs for dollar funding amounted to some $1.13 trillion, down 21% on a year prior and at its lowest level since March 2018. Unsecured borrowings from offshore and US MMFs declined the most percentage-wise over this period, by 38% and 35% respectively. Repo borrowings from
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