Regulation prompts overhaul of forex business models

05/24/2011 | Reuters

The foreign exchange sector is facing significant changes, despite the US Treasury Department's proposal to exempt forex swaps and forwards from a clearing mandate. Forex dealers are preparing to divide their businesses into two parts: products that trade on swaps-execution facilities and be cleared through central counterparties and those that maintain the status quo. "We're going to see a bifurcation of the FX business model," said Kevin Rodgers of Deutsche Bank.

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