US regulator on FX markets - concern over ghost liquidity, fragmentation & more
Andrew Busch of the US the Commodity Futures Trading Commission comments on the forex market (via Bloomberg)
- "As far as the foreign-exchange market goes, we're concerned about any market that loses liquidity"
- "It gets to the central question: Where is it? Is it there? Is it pretend liquidity, is it ghost liquidity?"
- "We are for safer markets, but we're also for markets that function efficiently"
- "We worry about the fragmentation, the different pricing that will occur, the different pockets of liquidity that people have to access."
FX ... ghost liquidity, fragmentation ... dude, really??? Quite yer whinin' and get used to it.
Whoyagonnacall? Not the CFTC