“Technologies typically go through a 10-year saturation model and businesses must ensure that they do not find themselves on the down-slope of a technology trend”
“Technologies typically go through a 10-year saturation model and businesses must ensure that they do not find themselves on the down-slope of a technology trend”

Future proofing investment decisions in FX technology

With Cognotec, GFI, Penson Financial Services, Smart Trade and Wall Street Systems.

First Published: e-Forex Magazine 25 / Forum / October, 2006

A recent report from market research organisation, Client Knowledge, indicates that e-FX technology spending amongst sell-side firms is set to double by 2010, with much of it being driven by IT upgrades required to meet the challenges of an accelerating e-FX market. The report also suggests institutions will decide to buy rather than build. John Brennan, head of innovation at Cognotec, Scott Fitzpatrick, global head of sales at GFI, Morgan Slade, senior vice president - Quantitative Execution Group at Penson Financial Services, Harry Gozlan, CEO at Smart Trade, and Rick Schumacher, director, foreign exchange solutions at Wall Street Systems discuss the report’s predictions and implications.As the FX market continues to grow do you think it will become even more dependent on technology?Brennan: Yes. Not only will banks become more dependent on technology, but banks that do not invest in technology will run a high risk of being squeezed out of the FX market altogether. Pressure is being put on the FX...continued

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