Best Execution FX: A Shifting Landscape


As European regulators eye the FX market, the onus is falling on buy-side firms to develop best execution FX standards  and take more control over their trades.



As European regulators eye the foreign exchange market, the onus is falling on buy- side firms to develop best execution standards and take more control over their trades, according to a recent industry conference.

In light of recent scandals involving currency-rate rigging, and the controversy over ‘last look’, where banks have the right to reject a trade after a client requests a quote, traders are paying close attention to data.

Some quantitative firms are already focused on algorithms and aggregation tools that pull together disparate pools of liquidity from a mix of banks and ECNs. Yet in the highly electronic and fragmented currency markets, with no central exchange or consolidated data feed, it’s hard for investors to create a composite picture of the market.

FlexTrade is a global leader in broker-neutral, execution and order management trading systems for equities, FX, options, futures and fixed income. A pioneer in the field, FlexTrade introduced the first trading system that allowed clients to control and customize their proprietary algorithms while maintaining the confidentiality of their trading strategies. Change is the only constant in electronic trading. That's why FlexTrade is continuously upgrading its products and services. All can be tailored to meet the demanding requirements of a global client base of more than a 225 buy- and sell-side firms.
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