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Gearing up for FX’s blockchain resurgence - FX Markets

Gearing up for FX’s blockchain resurgence - FX Markets
FX markets can benefit from the digital asset revolution but need to pay attention now, says LMAX Group’s Mercer

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The foreign exchange (FX) market is gearing up for a resurgence as digital assets become more prevalent. According to LMAX Group's Mercer, the FX market is in a prime position to benefit from the digital asset revolution. However, only users with a paid subscription or corporate subscription can access the full content. The market is experiencing significant changes, including the introduction of T+1 FX fixing and the launch of OTC FX options Clob. Additionally, banks are considering whether to stick with single-dealer platforms or explore other options. Vanguard's recent move to begin clearing NDFs on LCH has also given a boost to client-cleared activity on ForexClear.

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