John C. Groetch COO (Americas) at IT&e
John C. Groetch COO (Americas) at IT&e

FX Limit Order Management – A significant service differentiator for the FX business-line

John C. Groetch discusses the complexities that need to be addressed by a modern order monitoring application and some of the advantages of enhancing the capabilities of FX order management platforms.

First Published: e-Forex Magazine 24 / FOCUS / July, 2006

Over the past several years, IT&e Limited has been working closely with leading banks to develop the increasingly complex FX order management functionality requested by their trading and sales desks. Experience has shown us that by being attentive to this pre-transaction level functionality, we are enabling traders to manage larger order books, providing sales staff with a deeper knowledge of their clients needs, and delivering significant transparency and STP benefits to both the banks and their clients. This article discusses the complexities that need to be addressed by a modern order monitoring application, looks at some of the advantages that banks are uncovering by enhancing the capabilities of their FX order management platform, and considers the benefits of offering a functionally rich order management environment to end-user clients.Why focus on orders ?Today’s FX market is characterized by negligible bid-ask spreads, a plethora of accessible high performance/low-cost execution platforms,...continued

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