Buyer’s Guide: Buyside FX E-trading Solutions 2021

However, the extent to which any of these off-the-shelf solutions fulfil the complex matrix of active and passive currencies flow management and trading needs contained within the largest institutional investors through to the smallest investment managers or wealth managers remains in question.

This report found that, while great strides were achieved in trade process and workflow automation since the early 2000s, there remain some meaningful gaps in functional capabilities sophistication that must be addressed to ensure their continued relevancy to an ever-more nimble community of long-only institutional investors, their asset and investment management cohorts, and to end-investor brokers.

This report reviews the functional capabilities of:

• Adroit Trading Technologies Adroit Alta;
• Bid FX Systems Ltd BidFX / BidFX Central / BidFX TradeSmart / BidFX Trader;
• Bloomberg LP Bloomberg FXGO;
• FlexTrade Systems FlexFX;
• Integral Development Corp OCX / TrueFX / InvestorFX / MarginFX;
• Quod Financial The Quod Financial Adaptive Execution Platform (AEP); and
• TORA Trading Services TORA EMS.