Central banks adapting to high-speed markets, BIS report finds
“Major developments” in markets are affecting the way central banks operate, Markets Committee says
Central banks are adapting to “major developments” in markets, as trading speeds up and access to data comes to define competitive advantage, a new report finds.
The work by the Bank for International Settlements’ Markets Committee is designed to help central banks cope with the rise of what the authors call “fast-paced electronic markets”, or FPMs.
The report finds trading is increasingly fragmented across venues, with much faster information flows; that liquidity provision has become
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