Setting FX Benchmarks with Observable Data – My Interview with CCTV America

For a market that is so electronic, using observable data to set benchmark rates shouldn’t be much of a stretch.  About two weeks ago I did a taped interview for Central China TV (CCTV)  America to discuss this an the electronification of FX more generally.  The interview includes my attempt at explaining electronic trading in layman’s terms, which is mildly entertaining.  This is the result:

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