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EuromoneyFXnews.com Buy-side e-trading survey Choosing an execution venue, multi-dealer
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| How many platforms do you utilise to execute? | ||||||
| All | >US$10bn (turnover per annum) | Banks (non market-making) | Corporate | |||
| Only one | 53% | 63% | 48% | 47% | 86% | |
| Two | 28% | 25% | 28% | 29% | 14% | |
| More than two | 19% | 12% | 24% | 24% | 0 | |
| 29% of respondents said that they had changed multi dealer platforms within the last 12 months | ||||||
| All | ||||||
| Last month | 32% | |||||
| Last 3 months | 28% | |||||
| Last 6 months | 4% | |||||
| Last 12 months | 36% | |||||
| What’s important to me when I choose an electronic venue? | ||||||
| All | ||||||
| Rank | Features/Reasons to use an MDP | Score | ||||
| 1 | Narrower bid/offer spreads | 97 | ||||
| 1 | Demonstration of best execution | 97 | ||||
| 3 | Depth of book | 86 | ||||
| 4 | STP | 51 | ||||
| 5 | Internal execution policy requirement | 27 | ||||
| 6 | Anonymous trading | 26 | ||||
| 7 | Integrated workflow | 16 | ||||
| < $10bn (turnover per annum) | ||||||
| Rank | Features/Reasons to use an MDP | Score | ||||
| 1 | Narrower bid/offer spreads | 39 | ||||
| 2 | Depth of book | 35 | ||||
| 3 | Demonstration of best execution | 33 | ||||
| 4 | STP | 13 | ||||
| 4 | Internal execution policy requirement | 13 | ||||
| 4 | Anonymous trading | 13 | ||||
| 7 | Integrated workflow | 6 | ||||
| Features/Reasons to use an MDP | Score | |||||
| 1 | Demonstration of best execution | 60 | ||||
| 2 | Narrower bid/offer spreads | 55 | ||||
| 3 | Depth of book | 51 | ||||
| 4 | STP | 36 | ||||
| 5 | Internal execution policy requirement | 14 | ||||
| 6 | Anonymous trading | 13 | ||||
| 7 | Integrated workflow | 10 | ||||
| Banks (non market-making) | ||||||
| Rank | Features/Reasons to use an MDP | Score | ||||
| 1 | Demonstration of best execution | 81 | ||||
| 2 | Depth of book | 73 | ||||
| 3 | Narrower bid/offer spreads | 71 | ||||
| 4 | STP | 33 | ||||
| 5 | Anonymous trading | 20 | ||||
| 6 | Internal execution policy requirement | 26 | ||||
| 7 | Integrated workflow | 14 | ||||
| Corporate | ||||||
| Rank | Features/Reasons to use an MDP | Score | ||||
| 1 | Narrower bid/offer spreads | 23 | ||||
| 2 | STP | 16 | ||||
| 3 | Depth of book | 13 | ||||
| 4 | Demonstration of best execution | 12 | ||||
| 5 | Internal execution policy requirement | 7 | ||||
| 6 | Anonymous trading | 2 | ||||
