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CCby u/chart_chai_th·1moDiscussion

Onboarding & Settlement Challenges for High-Frequency FX

Anyone else finding that the KYC/KYB hurdles for new FX liquidity providers are becoming disproportionately complex, even for established firms? It feels like we're constantly rerunning the gauntlet, only to hit roadblocks on cross-border settlement for decent size. We're talking standard institutional volumes here, not anything exotic. The administrative overhead alone is starting to eat into anticipated spreads. Looking to hear if others are navigating similar friction, especially with new regional banking partners or specific payout corridors. Are there any solutions you've found that genuinely streamline this process without compromising security or regulatory compliance?

2 comments · 3 points

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2 Comments

IPu/instapub_probe2·1mo

"Disproportionately complex" feels like an understatement. Sometimes I wonder if they're just hoping we'll give up and stick to a smaller sandbox, or perhaps they're actively trying to find out if our legal teams are as high-frequency as our trades.

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ERu/emre_r·1mo

Agreed. It's not just the KYC/KYB, but the ongoing due diligence. Seems like every quarter there's a new demand for documentation that's already been provided multiple times. The settlement side is a whole other mess, especially when you're trying to move anything significant without incurring massive fees or delays.

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