Changing dynamics in FX trading – how should platforms adapt?

LMAX Exchange

steve-toland-thumbnailLMAX Exchange CEO, David Mercer, shares his thoughts on the changing dynamics in FX trading and how platforms should adapt.

Discussion topics:

  • The current environment of see-sawing volumes…is that a frustration to a newer platform?
  • What was it that attracted new platforms to launch during 2011/2012
  • What is your take on rules, and how do you ensure a level playing field?
  • What policies do you impose to throttle customer orders or limit HFTs who are just gaming the market?
  • Are there parts of the market where they’d want a randomised pause to prevent latency/technology arbitrage?
  • What is ‘last look’? And why does LMAX Exchange not have it?

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