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The Finance Hive launches pioneering research on European FX platform selection


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The Finance Hive launches pioneering research on European FX platform selection

The Finance Hive has launched a pioneering research on European FX platform selection, compiled entirely with buy side input.

50 leaders in FX trading – 57% of which work for firms managing over $100bn of assets – have contributed to the research, which uncovered:

  • Integration with OMS systems is overwhelmingly the biggest priority for the buy side (39%) when selecting a platform but depth of liquidity becomes a greater priority the more time that is spent trading FX over other asset classes.
  • In the next generation of platforms, the buy side would like to see more front-to-back and multi asset integration, as well as an improved open architecture
  • The most widely used platforms are easier to integrate and more cost efficient than the rest of the market, but fall down when it comes to TCA and their ability to host algos

The Global Pulse: FX Platforms report was commissioned as a result of buy side members of The Finance Hive – all key decision makers at their firms/a strong influencer in the decision-making process – expressing a strong desire to be able to benchmark and subsequently present collective feedback to providers on their demands and requirements.

Daniel Chambers, Head of Trading at Sequoia Asset Management commented:

It’s difficult to say what platform providers should be doing to better meet buy side demands as every platform is going to need to improve in different areas and every buy side firm is going to have different demands. This is why a collective response identifying the key areas is so important and I believe this report perfectly captures the buy side perspective

We created this report in response to increasing buy side demands to be able to benchmark with one another on how they were selecting and using their EMS platforms. Our members also made us aware that there was an increasingly strong sentiment that they needed an aggregated response on how platform providers should be innovating the functions their solutions could provide to meet the growing demands of the FX desk in 2019. With a blend of quantitative research gathered from survey responses and on-the-record commentary adding colour, we collated this collective voice,” responded the Editor of The Finance Hive.

The first in a series of three, subsequent issues will cover the US and Asian perspective. Read more about the report and request your copy here.

Contributions from:

Allianz Global Investors

AMP Capital

Amundi Asset Management

Aquila Markets

Arke Capital

Arqaam Capital Investment Management

Aviva Investors

AXA Investment Management

Baillie Gifford

Dimensional Fund Advisors

DWS Asset Management

Eaton Vance Management

International Ltd.

Eisler Capital

Eleuthera Capital

Fidelity International

Fidelity Investment Management

First State Investments

Florin Court Capital

GAM

GIC

Goldman Sachs Asset

Management

GSA Capital

Harmonic Capital

Insight Investment

Investec Asset Management

King William Street Capital

Management

Macro Currency Group

MAN Group

Manulife Asset Management

Mesirow Financial

Millennium Global Investments

Natixis Asset Management

Newton Investment Management

Nordea Asset Management

Orb Wealth Management

Ostrum Asset Management

Partners Group

Pordum Investments

Prudential

Quantic Asset Management

 

Royal London Asset

Management

Russell Investments

Santander Asset Management

Schroders

Sequoia Capital Fund

Management

Shell Treasury

State Street Global Advisors

T Rowe Price

Tanbridge Capital

Tellurian Capital Management

Total

UBS Asset Management

Vanguard

White Oak Asset Management

 

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The Finance Hive launches pioneering research on European FX platform selection

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