Date post: | 07-Feb-2017 |
Category: |
Technology |
Upload: | afa2001 |
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e-FX technology: my understanding
Eric Xue2017 Jan 24
Interbank Market player: Thomson Reuters, EBS
- Top-level FX market, participants being larger international banks
- Trading Volume: hundreds of billions/day
FX Aggregators
- One single execution venue which provides a consolidated view of the market
- Known players: FXAll, 360T, EBS Direct, DealHub (acquired by IHS-Markit), Flextrade...
- Liquidity provider: mostly banks, but price takers could be institutional clients
- Trading volumes
- 04-Nov-2010: FXAll Reached Record $125 Billion Daily Trading Volume
- 12-Dec-2014: 360T sees record volumes topping $100 billion - FX Week
FX Aggregator
Internal FX distribution system
Post-trade: confirmation & clearing
PostTrade
- MarkitSERV FX broker affirmation
- DealHub
FX Trading - Computer replaces Human
- Margins are very, very skinny
- Electronic trading with high degree of algo/automation
Some observation on FX technology
- End-user platform: go Mobile!
Ideas on FX technology
- How can Amazon Alexa benefit FX technology product?
- Some bank is already doing it: customer with Alexa-enabled device can now check balances, find out when bills are due, and even pay bills through Amazon's virtual assistant
References
- http://www.fxweek.com/
- http://www.euromoney.com/Article/3396648/Big-data-comes-to-FX.html
- https://singledealerplatforms.org/
- https://www.bloomberg.com/news/articles/2014-02-18/fx-traders-facing-extinction-as-computers-replace-humans
- https://en.wikipedia.org/wiki/