FX platforms: Workflow is key, says FXall

Multibank platform FXall, which has recently released a new service called Cross Currency Netting, says that changing conditions in the foreign exchange market have shown the importance of being able to deliver flexible workflow tools to the buy side.

Market sources say that there has been quite a drop-off in the liquidity seen on many platforms, reflecting both the market volatility and some of the concerns around credit. According to Mark Warms, general manager FXall Europe, the provision of work tools that take into account these changing conditions is an important part of the company’s attempts to cement its position with its buy-side clients.

The changing environment has led some business to move away from electronic mechanisms and back to the telephone.

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