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Foreign Exchange

EuromoneyFXnews.com Buy-side e-trading survey: Choosing an execution venue, single-dealer

EuromoneyFXnews.com Buy-side e-trading survey

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

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EuromoneyFXnews.com Buy-side e-trading survey results index

How many platforms do you utilise to execute?
Number of Platforms used SDP: All <$10bn (turnover per
annum)
>$10bn (turnover per annum) Banks (non market-making) Corporate
Only one 29% 33% 29% 28% 43%
Two 22% 33% 10% 22% 14%
More than two 49% 33% 62% 50% 43%

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A third of respondents said that they had changed single dealer platforms within the last 12 months
All
Last month 38%
Last 3 months 17%
Last 6 months 14%
Last 12 months 31%

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What factors are important when you choose an electronic venue?
All
Rank Features/Reasons to use an SDP Score
1 Choice of counterparty/bank relationship 124
2 Reliability/stability of platform 77
3 Breadth of currencies 70
4 STP/Integrated workflow 46
5 Breadth of product algo tools/analytics/charting/online chat 41
6 Pre-trade research 17
7 Support/help desk 16
8 Integrated workflow 10

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< US$10bn (turnover per annum)
Rank Features/Reasons to use an SDP Score
1 Choice of counterparty/bank relationship 47
2 Breadth of currencies 35
3 Reliability/stability of platform 26
4 STP/Integrated workflow 23
5 Breadth of product algo tools/analytics/charting/online chat 22
6 Support/help desk 13
7 Pre-trade research 10
8 Integrated workflow 2

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> US$10bn (turnover per annum)
Rank Features/Reasons to use an SDP Score
1 Choice of counterparty/bank relationship 75
2 Reliability/stability of platform 47
3 Breadth of currencies 35
4 STP/Integrated workflow 23
5 Breadth of product algo tools/analytics/charting/online chat 19
6 Support/help desk 4
7 Integrated workflow 8
8 Pre-trade research 3

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Banks (non market making)
Rank Features/Reasons to use an SDP Score
1 Choice of counterparty/bank relationship 104
2 Reliability/stability of platform 55
3 Breadth of currencies 54
4 STP/Integrated workflow 37
5 Breadth of product algo tools/analytics/charting/online chat 32
6 Support/help desk 12
7 Pre-trade research 11
8 Integrated workflow 10

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Corporate
Rank Features/Reasons to use an SDP Score
1 Choice of counterparty/bank relationship 18
1 Reliability/stability of platform 18
3 Breadth of currencies 16
4 STP/Integrated workflow 9
4 Breadth of product algo tools/analytics/charting/online chat 9
6 Support/help desk 3
7 Pre-trade research 4

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