The Bank of Jamaica (BOJ), will on June 1 begin the pilot phase of the electronic FX Trading Platform (FXTP).
During the pilot phase, only Deposit Taking Institutions will be able to trade, while cambios familiarise themselves with the system as observers.
After the pilot phase, the actual platform, including all authorized foreign exchange traders will be introduced gradually in three phases.
The Central Bank says FXTP will replace its eGate system, which is currently being used for reporting all daily transactions in the foreign exchange market.
The FXTP is the latest feature in the BOJ-led FX market reform.
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