Financial market development initiatives remain an important strategic focus area of the Financial Markets Department in cooperation with members of the FMLG, its various working groups and other market participants.
The focus for the next period will be on completing projects such as the pricing of the floating rate notes (FRNs) in the secondary market, gaining a better understanding of high-frequency trading in the foreign exchange market and developments in over-the-counter (OTC) market in foreign exchange derivatives and reviewing the calculation reference rates in the money-market. 5.