Eisso VanderMeulen Vice President, FX Prime Brokerage, ABN AMRO Clearing and Execution Services. (AACES)
Eisso VanderMeulen Vice President, FX Prime Brokerage, ABN AMRO Clearing and Execution Services. (AACES)

e-FX and Prime Brokerage - The ABN AMRO Experience

- The ABN AMRO Experience

First Published: e-Forex Magazine 6 / Viewpoint / April, 2002

For years, banks and other financial institutions have worked, to varying degrees, on developing electronic foreign exchange platforms. Some of these efforts have only focused on internal trades (i.e. between branches). Others have rolled out platforms to their clients, largely as a means of facilitating smaller transactions. The advantages of these systems were numerous: ease of use; speed; and straight-through processing.The differences between the various bank portals are what defined the competitive landscape. Pricing (the spread quoted) was always an issue, but with the introduction of “streaming prices” clients feel more in control of their trading. The emergence of the multi-bank FX trading platforms raised client control to a whole new level. Clients were now able to simultaneously bid out their business to a number of competing counterparties - even counterparties with whom they did not otherwise have any relationship. Price discovery and access to market liquidity have never been...continued

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