Single bank FX platforms in the ascendancy, EuromoneyFXNews survey shows

Foreign exchange buy-side clients continue to move towards full adoption of electronic trading, according to a survey of buy side currency traders, conducted by EuromoneyFXNews, which has been published today.

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 of EuromoneyFXNews: Access the results now

EuromoneyFXnews.com Buy-side e-trading survey 

Method of execution  

All
<$10bn (turnover per annum)
Banks (non market-making)
Corporate

Choosing an execution venue, multi-dealer 

How many platforms do you utilise to execute
Have you changed your multi-dealer platform recently?
What factors are important when you choose an electronic venue?
All
<$10bn (turnover per annum)
Banks (non market-making)
Corporate


Choosing an execution venue, single-dealer 

How many platforms do you utilise to execute
Have you changed your multi-dealer platform recently?
What factors are important when you choose an electronic venue?
All
<$10bn (turnover per annum)
Banks (non market-making)
Corporate

Voice trading exclusively

Top four reason why I trade voice
Top four reasons why I would convert to electronic

What are your preferred platforms 

Multi-dealing platfoms
All
<$10bn (turnover per annum)
Least favourite
Single-dealing platfoms
All
<$10bn (turnover per annum)
Least favourite

Are mobile devices the future of electronic trading 

Do you use a mobile device in the performance of your job?
If not, what are the reasons for not using mobile devices?
Which of the following tasks do you use a mobile device for?