FX Order Management: meeting the growing needs of clients

With FXall and the Royal Bank of Scotland.

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

Yaacov Heidingsfeld gets the viewpoints of both a leading foreign exchange bank and FX portal. He poses some questions to Martin Spurr, Head of Integrated Treasury Solutions – ecommerce at The Royal Bank of Scotland and Mark Warms, global head of Sales and Marketing at FXall.Gentlemen what characterizes a good FX order management system?Spurr: An Order Management service aims to provide a structured way of trading based on profit targets and managed loss tolerances. In an OTC environment, like FX, such orders are of even greater importance. Users should have immediate and unrestricted access, dynamic control and management of their orders, a number of variables to choose from and customize their orders and the ability to build more complex structures, together with intelligent monitoring tools and real-market rates.On the execution side, users need to be filled in the best possible way; fast, efficient and transparent auto execution should be available when the size of the order, the time zone and...continued

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