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FX dealers I have dealt with definitely want to know who they are trading with. The information is extremely useful. It's not better for them not to know. If you lose trust in a counterparty, there is a reason.

Exchanges all over the world have membership comprised of people who voluntarily group together to create and enforce trust. Using a different denominator for transactions wont take away the forces that cause this state of affairs.



How do you build initial trust though?




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