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Venues & MTFs

FX: CLOB activity up, but pricing vs cost debate continues - Euromoney

FX trading venues using central limit order book (CLOB) systems to match buyers and sellers saw double-digit percentage increases in activity in 2022.

The CLOB approach, which is used by most exchanges and offers an alternative to asking for quotes, is what allows all kinds of participants to trade anonymously with each other and in real time. Trades are executed more quickly the closer they are to the best bid and ask at any one moment.

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