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FX Market Needs to Prepare for Shift in How Equity Trades Settle, Fed Official Says

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FX Market Needs to Prepare for Shift in How Equity Trades Settle, Fed Official Says
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It’s “imperative” that the $7.5 trillion-a-day currency market prepares for next year’s shift in how US equity trades will settle, said Anna Nordstrom, who heads domestic and international markets functions for the Federal Reserve Bank of New York’s markets group.

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