Nick Dyne CEO of Logicscope
Nick Dyne CEO of Logicscope

Broadening client connectivity - improving back-office processing.

Nick Dyne identifies how the post FX trade environment still offers possibilities for exploiting the benefits of automation and technology.

First Published: e-Forex Magazine 22 / Features / January, 2006

Friends of mine that are not in the financial markets are genuinely shocked at how bad trade notification is – they don’t call it that, they just think it strange that their bank can update their account for a cash point withdrawal more effectively than many firms can be updated having traded $several million. I know that the two situations are not strictly comparable, but there is more than a grain of truth in their observation – pre settlement is the forgotten age in the life cycle of a trade. Forgotten except in the Interbank market, Reuters and EBS make a reasonable effort as do eSpeed and the voice brokers. Frankly, few in the interbank market would tolerate a trading platform that didn’t have post trade notifications as a reasonably easy plug in. This article touches on why it’s so bad and what can – and perhaps more importantly – should be done about it.The “why” is pretty easy. It’s a combination of Reuters and apathy. Reuters,...continued

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