Hi,
I've been trying to figure out to what extent cross rates are derived from the majors vs the extent to which cross rates are directly traded. Does anyone know where to find this information?
The closest info I've been able to find (published by a U.S. bank) is that cross rates used to be almost exclusively derived, but now there is more of a direct market in crosses. Maybe someone who is more familiar with the industry can shed some light on this.
This would help me out immensely. Thanks.
I've been trying to figure out to what extent cross rates are derived from the majors vs the extent to which cross rates are directly traded. Does anyone know where to find this information?
The closest info I've been able to find (published by a U.S. bank) is that cross rates used to be almost exclusively derived, but now there is more of a direct market in crosses. Maybe someone who is more familiar with the industry can shed some light on this.
This would help me out immensely. Thanks.