Buy side needs to attach costs for execution
Ericsson's Sven Carlsson says buy-side needs to take responsibility
Buy-side firms need to accept there is a cost attached to executing benchmark orders, and cannot continue to pass on risk to banks and expect their fix orders to be processed for free, says Sven Carlsson, head of markets at Swedish technology company Ericsson's central treasury.
Carlsson told FX Week in an interview that the current upheaval in foreign exchange markets is at least partly due to the role of buy-side firms such as asset managers, who have increasingly outsourced their execution in
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