Enforce clearing, catapult FX into the big league, say FX Week USA panellists
Foreign exchange is held back from fulfilling its potential as an asset class because of counterparty risk issues, said panellists.
Counterparty risk is preventing FX from becoming a major asset class and must be addressed, according to panellists discussing the future of the FX industry at the FX Week USA congress in New York last Tuesday (July 13).
“I see this industry becoming a huge asset class, not just for institutions but also for retail investors that bailed out of all the other asset classes. The only risk I see is counterparty risk,” said Dan Shaffer, president and chief operating officer of Shaffer Asset
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