Squeezing efficiencies – where will the benefits of eFX be focused next?

With Deutsche Bank, Bank of America, UBS, Brown Brothers Harriman and BMO Nesbitt Burns.

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

With H. Harry Moumdjian VP, Global Foreign Exchange Electronic Trading Services at Bank of America, Lynn Kennedy, Managing Director, FX Sales, at BMO Nesbitt Burns, Rita Saverino, Director of FX e-Commerce at Deutsche Bank, Ruth Mackaman, head of e-FX Marketing and Product Development at Brown Brothers Harriman and Nick Barker, FX e-Commerce Programme Manager at UBS.Up to now, the application of eFX technology has really been concentrated on the point of execution. What areas of the FX pre and post trade environment do you think still offer possibilities for exploiting the benefits of automation?Moumdjian: There is a greater degree of variability among Pre-Trade automation requirements, while Post-Trade needs are more likely to be uniform across client segments. Pre-Trade features that have yet to realize the full benefits of automation include the STP of transactions from client side order management systems directly into execution engines. Such processes coupled with post-trade STP will allow clients to...continued

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