eFX Pricing issues. with The Bank of New York, The Royal Bank of Scotland, FXall, Centradia and TraderTools.

5 major players discuss where the current market demand for Pricing tools is being focussed.

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

Richard Estes, Martin Spurr, Neill Penney, Richard Chatterton, Yaacov HeidingsfeldWe bring together Richard Estes, head of Global Markets e-commerce at The Bank of New York, Martin Spurr, Global Head of eVentures at The Royal Bank of Scotland, Neill Penney, head of product development at FXall, Richard Chatterton, Head of Product Management at Centradia and Yaacov Heidingsfeld, COO of PFS TraderTools, to discuss the latest issues regarding pricing tools.Amongst your clients, where is the current market demand being focused – "streaming executable rates" or "request for quote"?Estes: We have yet to see any real demand for streaming executable rates (ESPs). For both our proprietary e-FX systems (iFX Manager, iFX Express) and our chosen multi-bank portal (FXall) we support the request for quote (RFQ) method. However, we have seen a significant increase in the demand from clients to support autotrading, which provides response times approximating execution via ESP. In fact, clients configured for...continued

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