Buyer’s Guide: FX E-trading Systems


The Evolution of Vendor Offerings for FX Trading

In 2015, the technology vendor landscape for FX e-trading platforms and systems has achieved a state of maturity in terms of sophistication that remains unique within the capital markets arena. As a result, a plethora of incumbent and emerging software and hardware providers are competing for buyside and sellside market share that increasingly demands innovative, infrastructure-focused solutions addressing the need for full trade lifecycle services across flow FX and FX options instruments.

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Analysis of these vendor solutions suggests that, in the future, these types of systems will allow users the ability to utilise sophisticated currencies-pricing tools to more accurately and dynamically price trades in other types of instruments, like interest rates swaps, for example. However, in order for FX e-trading technology to authoritatively advance to a point wherein it can effectively serve as a mechanism for the pricing of non-FX instruments on a cross-asset class basis, the platforms and systems must continue to offer users functionality geared toward the evolution of an all-to-all market structure for flow FX and – eventually – both vanilla and non-vanilla FX options instruments that lend themselves to electrification.

This report presents a sampling of the current state of five of the FX market’s most competitive vendor offerings for currencies e-trading. The report provides readers with vendor sheets for each surveyed vendor in which each solution’s functionality has been independently ranked across a wide spectrum of services. These assessments are designed to help users of the systems make decisions about which type of system best suits the needs of their organisation.

Published on: 30 Jun, 2015

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Buyer’s Guide: FX E-trading Systems – Table of Contents

  • 1.0 A Brief History of FX E-trading
  • 2.0 Technology Requirements for FX Trading
  • 3.0 Current State of Technology Vendor Offerings
    • 3.1. Apama/Software AG
    • 3.2. Broadway Technology
    • 3.3. Dion Global Solutions
    • 3.4. FlexTrade
    • 3.5. SmartTrade
  • 4.0 Appendices
    • 4.1. Table of Figures
    • 4.2. Methodology