Single bank platforms in the ascendancy, EuromoneyFXNews survey shows.

In our inaugural qualitative survey of some buy side customers representing more than $7 trillion in annual turnover, the respondents were asked to forecast the breakdown of their future FX turnover in the near future, rank their most important criteria in venue selection, and name their preferred platform, both for single-dealer and multi-dealer platforms. Voice trading volumes are expected to decline to less than 15% of total volume in the next few years, as more trading platforms come online and as previously bespoke currencies are traded electronically. The survey indicates that single-dealer platforms will be the main beneficiaries of this migration.

The full results are available to subscribers