Nasdaq is ready to enter the fray in the lucrative forex market by launching its own trading platform, according to co-Vice President Ole Jochumsen. It is likely to be launched sometime in 2016. Jochumsen said: “We have a system ready that banks can test in their own systems but we don’t want to launch it before we have enough banks committed to secure sufficient liquidity.” Jochumsen was critical of two factors in the forex market. “There are two main problems in retail FX markets. How can customers be sure they receive the correct price and secondly the counterparty risk,” he said. “The criticism of banks and the ... (full story)