Myths in Post-Trade Wholesale FX
As innovation accelerates across financial markets, few topics generate more debate than the future of FX settlement. Terms like atomic, instant, and real-time are often used interchangeably, but do they mean the same thing? And does faster always mean better?
Dirk Bullmann, Managing Director, Public Policy, Strategy and Innovation and Keith Bear, Cambridge Centre for Alternative Finance, joined FNA’s Payment Systems Broadcast to discuss the most persistent myths shaping conversations around post-trade infrastructure, distributed ledger technology (DLT), and liquidity efficiency addressing:
• Why atomic and instant settlement are not the same
• The liquidity trade-offs of faster settlement models
• Whether decentralization truly means resilience
• Why the post-trade FX Layer is more advanced than it appears.