LMAX 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?