Frances Maguire
Frances Maguire

Optimising workflows: Asset Managers embrace the benefits of e-FX

While there is little doubt that investment managers are rapidly increasing their use of electronic trading, there is still much to be done in terms of standardising access and processes to enable them to reap the full benefits of automation.

First Published: e-Forex Magazine 36 / Features / July, 2009

The maturation of the e-FX market is very much dependent upon the return on investment as viewed by the investment management community for without their buy-in innovation it will be slowed, if not halted.While there has been significant investment in aggregation platforms automating the search for liquidity in what is seen as a fragmented marketplace, some say the next step has got to be greater centralisation from the sources of liquidity before the market is attractive enough for asset managers to fully embrace e-FX. According to US-based Commodities Trading Adviser (CTA), Socrates Ioannidis director of quantitative research and a principal at US Hyman Beck & Company, which has used an aggregator since 2004 to develop its e-FX platform and see the depth of the market, plans are afoot for the creation of a hub within the platform, so that the vendor does not have to build and distribute a different set-up for each new client.He says: “Having a model where all the banks of one aggregator are in a...continued

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