Global FX markets have seen a lot of change again this year. Volumes are still depressed. The regulatory environment is heating up. A number of new competitors were announced and will be launching in the near future. Is this a good time to start your own FX brokerage? Read what Harpal Sandhu has to say in response to this and 9 other questions.
Just as asset managers recover from the herculean effort of preparing for MiFID II, along comes another rule to adhere to. As of this September, uncleared initial margin rules will hit hundreds of asset managers. The objective is ultimately to make over-the-counter (OTC trades) costlier so that more firms turn towards trading on regulated venues. […]