Joe Morgan
Joe Morgan

Improving FX Market Data delivery with Managed Network connectivity services

Joe Morgan discovers more about how managed network connectivity solutions can significantly improve the delivery of FX market data between FX trading venues, counterparties and data centers and what tools and applications are now available via managed network providers to help High Frequency FX trading firms analyse their pricing, trading and post-trade data processing activities.

First Published: e-Forex Magazine 47 / Forex Technology / April, 2012

The year 2012 will be a very exciting one for the FX market,” predicts Alexandra Foster, global head of sales at BT Radianz & Payments in London. “It is all about speed and getting off the blocks first.” Foster parallels structural changes taking place in FX markets with trends that have already had a dramatic impact on equities, towards the end of the last decade.  Requirements for best execution enshrined within the European Union’s Markets in Financial Instruments Directive (Mifid) provided the regulatory landscape for multi-lateral trading facilities (MTFs) such as London-based Chi-X to flourish, resulting in a significant shift in share-dealing volumes away from the incumbent exchanges. Rapidly emerging from marginal niche players in equities trading, BATS Europe and Chi-X Europe accounted for 25.4 per cent combined market share of European equities trading in December 2011. Foster points out that Mifid II is expected to broaden best execution rules to a wider variety...continued

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