This category was separated from cash execution last year because there was a clear distinction between forex trading platforms that offered spot, forwards and swaps execution from those that also offered portfolio-management services such as order upload functionality, netting and pre- and post-trade allocations.
This year that distinction is dwindling as more execution platforms add orders and allocations.
The strength of this year’s winner, Bank of New York, again lies largely in the post-trade services that it offers.
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