LSEG's FXall to Launch Credit-Intermediated FX Forwards Service

The London Stock Exchange Group’s (LSEG) foreign exchange trading venue, FXall, is preparing to launch a service that separates credit risk from market-making in FX forwards trades with buy-side clients. Risk.net understands the service – Split Risk – will allow buy-side users to enter outright forwards by trading a combination of spot and an FX swap. The two elements can be traded with different parties, allowing users to get best execution price on both legs.