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FX data referee sets up its own pitch for big players

New Change facility will let institutional investors trade with each other in 65 currency pairs

FX data referee sets up its own pitch for big players
Photo: iStockPhoto

New Change FX, which provides currency trading price data to institutional investors, is setting up a platform for clients to swap their foreign exchange exposures.

The "liquidity mutualisation pool" will allow investors to trade with each other at the mid-market prices defined by the currency pairs monitored by New Change FX.

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