FX electronic migration continues apace; single-dealer platforms to benefit; API stalls
The migration from voice trading to electronic execution in the foreign exchange markets continues to build momentum. And the results of EuromoneyFXNews e-trading survey show that buy-side clients expect to increase the level of electronic execution even more in the future.
Indeed, the survey shows that voice trading makes up, on average, 18% of all execution, which respondents expect to fall to less than 13% in the coming years. So the question then becomes, along which channels does this ever-increasing electronic volume flow?
The results show that customers are moving more flow towards....