Maurice Heffernan Managing Director, State Street Global Markets.
Maurice Heffernan Managing Director, State Street Global Markets.

Are HTTP Networks reliable enough for online FX?

HTTP Internet based trading has its limitations and most institutional investors need much more robust trading networks argues Maurice Heffernan.

First Published: e-Forex Magazine 13 / Features / January, 2004

While HTTP based internet trading has its appeal, most institutional investors need much more robust trading networks with a single party responsible for end-to-end functionality.Online institutional trading had its roots in proprietary, hard-wired networks linking trading floors with clients around the world. These networks – dedicated to transactions for a variety of securities, including forex contracts – were reliable, robust and always on. They were a substantial achievement in the early e-trading days that preceded the rise of the Internet. But their physical installation often required the placement of dedicated servers and the leasing of expensive telecom lines. What's more, they were limited in their flexibility – traders pretty much had to be at their desks– no laptop trading from home, or hotel.When the Internet became ubiquitous and the retail financial world made the leap to web-based banking and securities trading in the late nineties, many predicted that the somewhat...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here