EMS survey highlights FX traders’ platform predicament

A reluctance to dispense with legacy technology, combined with heightened regulatory oversight and changing liquidity provision from banks, has seriously complicated the execution management system (EMS) selection process for FX traders.

A survey published in August by the Finance Hive offered an opportunity for FX traders to outline what they want from vendors of EMS platforms.

Among their priorities was more front-to-back and multi-asset integration in the next generation of platforms, as well as more open architecture.

Vendors of platforms play an important role given the trend towards buy rather than build on the buy side. Only 7% of respondents to the survey Global Pulse: FX Platforms reported using an in-house platform.

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