Yannos Hadjiioannou takes the strain out of submitting FX orders

First Published: e-Forex Magazine 26 / The e-Forex Surgery / January, 2007

Why has quick and effective FX order management now become such an important requirement for all market participants?FX order execution is an extremely time critical process that enables market participants to execute at the right level maximizing potential gains, whilst minimizing losses. With FX becoming an asset class in its own right, clients expect to be able to connect their proprietary trading and order management systems to their panel banks. This is to ensure prompt execution with minimum and complete STP to reduce operational risk and transaction costs. The sophistication of clients and the increasing use of algorithms in trading are also another reason for increasing demand for quick and efficient order execution.What key advantages do clients get by dealing directly with a banks’ order book as opposed, for example, to carrying out anonymous dealing via third party order book tools?Leaving an order with your bank is part of a wider relationship. Clients expect that their orders will be...continued

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