Frances Maguire
Frances Maguire

Choice and Flexibility reaping the benefits of more integrated FX e-Commerce services

With the growth in e-FX continuing unabated, Frances Maguire talks to a few leading e-FX providers to discover how they are catering for a much wider and more diverse client base.

The use of electronic execution methods in the FX market, whether through single or multi-bank trading systems, has now grown to such an extent that Greenwich Associates estimates that more than 50 per cent of global foreign exchange trading is being executed electronically. While much of this increase in e-FX can be put down to the continued growth in the size of the global FX market, competition and more sophisticated trading tools are improving efficiency and lowering transaction costs to enable increased capacity. However, as increasing numbers of customers implement FX e-Commerce services, their requirements become more diverse and varied so that e-FX providers have got to work harder to cater for their needs and offer a competitive service. Breadth of product offerings For Roger Hawes, global head of Spot FX and Electronic Markets at The Royal Bank of Scotland, this is something the bank has built its service around. He says that RBS has always tried to deliver breadth of product to accommodate...continued

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