Regulatory reform has led to significant changes in FX market dynamics, including the move to exchange-style trading and centralized clearing. Yet many aspects of market regulation remain unresolved, such as what to do with non-deliverable forwards.
Regulatory reform has led to significant changes in FX market dynamics, including the move to exchange-style trading and centralized clearing. Yet many aspects of market regulation remain unresolved, such as what to do with non-deliverable forwards.