Global Pulse: FX Platforms

Measuring European buy side satisfaction and selection criteria for EMS platforms

The Global Pulse: FX Platforms report was commissioned as a result of our buy side members expressing a strong desire to be able to benchmark and subsequently present collective feedback to providers on their demands and requirements.

Daniel Chambers, Head of Trading at Sequoia Asset Management commented “It’s difficult to say what platform providers should be doing to better meet buy side demands as every platform is going to need to improve in different areas and every buy side firm is going to have different demands. This is why a collective response identifying the key areas is so important and I believe this report perfectly captures the buy side perspective”

It has been produced with quantitative insights from survey responses from the buy side – all key decision makers at their firms/a strong influencer in the decision-making process – which have been aggregated and analysed by The Finance Hive.

Qualitative on-the-record interviews add depth and colour to the commentary.

Key findings include:

  • In the next generation of platforms, the buy side would like to see more front-to-back and multi asset integration, as well as an improved open architecture
  • Integration with OMS systems is overwhelmingly the biggest priority for the buy side when selecting a platform but depth of liquidity becomes a greater priority the more time that is spent trading FX over other asset classes
  • The most widely used platforms are easier to integrate and more cost efficient than the rest of the market, but fall down when it comes to TCA and their ability to host algos

“I loved reading the Global Pulse report and found it extremely insightful. I find that it is useful for showing the voice of the buy side and cementing the word on the street”

Principle Business Analyst, Wellington Management

Interested to read the full report?

Presented by The Finance Hive, in partnership with EBS Institutional:
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