FX: Building a platform for success is not one-size-fits-all

LMAX Group’s recent acquisition of FX HedgePool – following last year’s purchase of Cürex – once again raises the question of how best to address the challenges of building an FX marketplace that appeals to buy-side as well as sell-side participants – and what that means for future market development. What are the key attributes for success and who is doing it best? We talk to market leaders to find out.

The costs faced by full-service electronic trading platforms and electronic communication networks (ECNs) – and the expectations of buy-side and sell-side market participants – have never been higher. Technology and business needs have become more complex, data-centric and time-sensitive, and building new platforms requires a substantial investment in R&D alongside ongoing development and maintenance costs.

Cathrine Poulton, global buyside head of GlobalLink FX product sales, says estimates of the annual cost of maintaining regulatory compliance range from $1.3

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