The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

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.

maze-errors-success-780

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.

Front-to-back and multi-asset integration would clearly be useful, but is not without complications.

The use of a single system would be likely to increase the number of workarounds and daily operational challenges faced by traders and middle office due to technological compromises made in trying to be a one-size-fits-all solution.



The risks of implementing a replacement front-to-back infrastructure in a ‘big bang’ manner are just too high for most businesses to contemplate - Simon Wilson-Taylor, EBS Institutional


It is difficult for any vendor to be best of breed across the whole investment lifecycle from front to back, or across all asset classes horizontally.






You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree