Godfried De Vidts President, ACI
Godfried De Vidts President, ACI

The electronic challenge for ACI

The electronic challenge for ACI – The Financial Markets Association

At the European congress organised by ACI UK last May, talk of the town was the coming of age of the electronic trading systems in the financial markets. The product range offered on electronic platforms is as diverse as the products traded in the wholesale market from simple foreign exchange to money markets, derivatives, securities and the products linked to this world like repurchase transactions and security lending. Many systems have been developed by specialised companies, many have come and some have stayed. Sponsored electronic trading platforms by consortiums of banks have folded up because of a lack of success or lack of liquidity as they failed to attract enough participants to make the investment worthwhile. Other platforms have been sold and absorbed into existing platforms or by established voice brokers.Vendors have jumped on these developments and some are well beyond the first generation of systems. Innovation seems to be key with ever more products that appeal to a wider range of customers...continued

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