FORUM: Electronic FX trading in Germany – assessing the challenges

In this months FORUM we bring together senior executives from 6 of Germany’s largest banks to discuss the challenges and adoption of online and electronic FX trading within the country.

First Published: e-Forex Magazine 15 / FOCUS / July, 2004

With Werner Hiering, head of Liquidity & Investment Advisory at HVB, Thomas Leicher, head of corporate sales at West LB, Andreas Karthaus, head of global eFX sales at Dresdner Kleinwort Wasserstein, Peter Hahn, head of FX sales, Germany, at Commerzbank Securities, Roland Weiss, head of FI sales at DZ Bank and Ralf Sellig, Head of FX trading, Germany & CE at Deutsche Bank.Typically there is a 2 to 3 year cycle for trading and technology innovations in North America to become adopted in continental Europe. Has the uptake of electronic FX trading in Germany been slowed and this cycle extended by the recent economic down-turn in the region?Hiering: No, I don’t think so. We at HVB can’t see any coherence between the economic situation and technology innovations like electronic FX Trading. What we have experienced is clients always looking for a system which saves cost for them and provides a better, faster and more competitive service.Leicher: No, we don’t see that there is a gap between the...continued

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