Internalisation – a good thing for the marketplace?

David Mercer, LMAX Exchange CEO, shares his thoughts on the adverse comments regarding the greater internalisation of flow within major banks. Mercer believes this could possibly be good for the marketplace in general, as certain venues can benefit from banks optimising their risk management along with the greater flow potential from the internalisation model, in turn delivering a better price to the end client. The current FX eco system can work well with external venues and banks internalising as much as possible.