Electronic foreign exchange dealers have delivered their one-year report card on CME’s Spot+ platform, and the grades are mixed.
The venue, designed to bridge the over-the-counter spot market and exchange-style futures, earned solid marks for pockets of tradable liquidity, though users note room for improvement in top-of-book spreads and order handling, which leave it trailing.
“The spreads, if we compare the bid-offer of the platform with some other liquidity that we can access, are not very
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