GFXC eyes trading platform tagging practices

The use of unique identifiers on semi-anonymous foreign exchange trading venues is in the spotlight, with the Global Foreign Exchange Committee potentially looking to standardise how they’re described in platform disclosures.

Semi-anonymous electronic communications networks (ECNs), such as Currenex’s FXTrades and Euronext FX, allow users to tag their counterparties with an alphanumeric label after execution has taken place. This allows users to better understand the quality of execution they