Market innovation threatens platforms
Summing up a panel discussion on the future model of FX at the FX Week Asia congress last week, Trenner said financial institutions are moving towards more quantitative and statistically driven approaches to trading and execution, putting electronic platforms under scrutiny.
"An increasing number of clients are looking to trade using models," agreed Scott Freeman, head of e-trading services for FX at Bank of America in New York. "APIs allow clients to reduce holding periods for models, allowing
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