Greg Surman Head of Business Development, Asia Pacific, at Baxter Solutions
Greg Surman Head of Business Development, Asia Pacific, at Baxter Solutions

Big Wednesday - Current challenges to FX price engine capability and performance

Greg Surman looks at how the demand for Price Engine solutions is evolving from "more features" towards a mix of "raw performance” and “more analysis”.

First Published: e-Forex Magazine 23 / FOCUS / April, 2006

Being in the FX market for the last 10 years allows one to “feel” more than to see the wave of change coming to a beach near you. First you saw them paddle, a bit upset that the water was flat. They disappeared in the distance and even you, the maker of their gear – the best surfboards ever made – couldn't help losing focus and thinking about the other action on the beach.New players are beginning to roll onto our beach: hedge funds, real money and professional multi asset prop trading shops are suddenly breaking everywhere. In general, this crowd is more hi-tech than our local surfers. Worse, they know other beaches and have access to them all at the same time (even to your private secret spot that you thought was only for you and your friends!). They are seeking to change the rules, allow customers to trade with other customers. Like they do in other markets where they are coming from; and they want better prices!The “market” is showing the way ahead for spreads. One...continued

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