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The hope is that new legislation will lead to fairer trading, not reinforcement of the exchanges' market power.
For these exchanges, market forces alone have not moved the rate to take liquidity off of that cap.
For the seminal description of that system from a leading expert in the field, see Lawrence E. Harris, Trading and Exchanges: Market Microstructure for Practitioners 100-111 (2003).
Similar(57)
This they did by intervening in the foreign exchange market.
Nowhere is that clearer than in the foreign-exchange market.
Trading volume in the foreign exchange market was thin.
"There are hiccups in the foreign exchange market," he said.
The global foreign exchange market consists of two elements.
Early signs from the private health exchange market are positive.
The foreign-exchange market is vast, with $500 billion traded daily in the dollar-euro market.
Domestic and international currencies are traded at the Hong Kong foreign-exchange market.
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