# Despite the dominance of voice trading, electronification is the natural path for Peru - The TRADE

> Marco Merino, head of FX trading at Banco de Crédito (BCP), discusses the state of Peru's FX market in an interview with The TRADE. He says more Peruvian participants are moving to electronic trading, and that USD/PEN is lagging other currencies in electronic liquidity. BCP has streamed 1-month USD/PEN NDF prices for about three years.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: market · region Peru · magnitude low
- Page: https://feedsoft.ai/events/31973-despite-the-dominance-of-voice-trading-electronification-is-the-natural-path
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

This is market-structure commentary rather than a new price driver, so it has no clear direct effect on feed commodity prices. Greater USD/PEN liquidity could gradually make the sol's pricing more transparent for importers.

## Sources

- thetradenews.com: https://www.thetradenews.com/despite-the-dominance-of-voice-trading-electronification-is-the-natural-path-for-peru/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.