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.