The battle with legacy technology systems is ongoing concern for many banking institutions, but arguably no more so than foreign exchange. With an explosion of market data and increasing market fragmentation, technology strategies at large FX institutions have never been more important for staying ahead of the game.
Survey by WBR ahead of TradeTech FX conference finds automation is the biggest priority for buy-side FX trading desks.
Investment from SGX will further technology development of Cobalt post-trade processing network for FX.
360T was chosen by M&G to implement workflow technology following extensive selection process.
BestX adds another major investment banking client as Societe Generale signs up for its FX TCA.
Reporting tool will provide data on legal entity identifiers (LEIs), timestamps, product identifiers and execution venues.