Neil Chriss President, ICor Brokerage—A Reuters Venture
Neil Chriss President, ICor Brokerage—A Reuters Venture

It’s all about trading

Adoption of electronic trading is a certainty for almost all markets says Neil Chriss, despite proponents facing a contingent of doubters in each market, including foreign exchange.

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

Adoption of electronic trading is a certainty for almost all markets – virtually every liquid market in the world where electronic trading has gained a foothold is now dominated by electronic trading. The only questions have been who will dominate, how long it will take and the completeness of the transition. Of note is that in almost all cases the incumbent, non electronic offerings have lost volume hand-over-fist to the newer electronic offerings.This phenomena has occurred in quite a broad range of financial markets, including futures (consider that Eurex, the world’s largest fully electronic derivatives exchange, was founded in December of 1996 and is now leagues ahead of its non-electronic competitors, leading Liffe, its chief European rival, by three times the volume), spot foreign exchange in the interdealer market (consider that Reuters and EBS are fully electronic and have almost completely displaced old-time voice brokers, leaving them less than twenty percent of the volume), and...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here