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Norway's wealth fund seeks better currency market deal for clients

Reuters  |  OSLO 

OSLO (Reuters) - Norway's $1 trillion sovereign wealth fund, the world's largest, on Friday called for more transparency in global foreign exchange markets to cut the cost of transactions and make them more efficient.Changes to the structure of currency trading should seek a more level playing field for clients in order to cut excess profits for dealers and ensure a better balance of risk, it argued in a policy paper."We believe that transparency and verifiability are key to mitigating the impact of informational advantages, without negatively affecting the liquidity of this important ...

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First Published: Fri, November 10 2017. 16:03 IST