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 third 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 3: Platforms
EMS Platforms have been front of mind for Finance Hive members since the network was launched, and the technology continues to be at the centre of numerous debates.
As such an embedded part of the FX desk, changing platform providers can cause a significant disruption of workflow to our buy side leaders, which means that the incumbent platforms available to the market need to be on top of evolving buy side demands and as simple as possible to integrate into existing systems. Our members shared their experiences of changeover, stressed the struggle for budget, and fear of risk.
The group put forward a set of common challenges as well as what ‘utopia’ would look like, and a best of breed solution provider committed to next steps to overcome and achieve these demands.
Each buy side desk is going have different requirements for their platform, and at the same time, each EMS provider needs to innovate different parts of their solution.”
Download the report to read the findings.