Dr Nicholas Stewart Head of Product Development, Tamesis
Dr Nicholas Stewart Head of Product Development, Tamesis

Improving eFX trading risk system infrastructures

Dr Nicholas Stewart outlines the requirements to accommodate multi-channel online trading as part of the risk management function.

First Published: e-Forex Magazine 8 / Features / October, 2002

Recent consolidation in the electronic foreign exchange market has squeezed out at least one major multi-bank player and led to the polarization of the market in terms of the contrasting client benefits1 offered by single-bank systems and multi-bank portals. Whether both enterprise models can be sustained as viable long-term businesses remains to be seen.The common denominator in both cases however is the necessary integration with the firm’s business transaction processes, typically formulated upon a number of key decision-support systems (for example, pre-deal analysis, position management, auto-hedging). To accommodate multi-channel online trading as part of the risk management function requires application solutions that may be leveraged off an improved system infrastructure.Systems InfrastructureThe basic prerequisite is to properly integrate the trade source systems with the firm’s decision-support systems. The main technical obstacles here are adapting the data interfaces between systems,...continued

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