We’ve been told there are a host of issues that negatively affect the way buy side traders can do their jobs, but for change to happen they need to collectively lay out their demands to a range of market participants, from banks and regulators to technology providers and buy side firms themselves.
In order to shape this collective narrative, this report – the fifth chapter in a series – lays out the current state of play on buy side desks, their vision for the future and the practical steps that need to be taken to achieve them.
The report series was compiled with input from 50 head traders from the largest AUM buy side firms globally, at the annual FX Leaders meeting.
Chapter 5: Electonification
The electronification of markets is having a significant effect on every component of the modern-day FX desk, from the liquidity available to the buy side, to the skills the traders themselves need to stay competitive in the industry.
There’s a perception that it’s caused an increase in volatility and a dearth of liquidity. These snags mean it’s essential the buy side make the most of electronification and colectively manage the emerging risks.
The group discussed both the opportunities and complications that they’d experienced from electronification. Together they established what a ‘utopia’ would look like, and a best of breed solution provider committed to next steps to overcome and achieve these demands.
Download the report to read the findings.