The results from K&KGC’s 2015 foreign
exchange electronic trading survey
indicated that buy-side liquidity is stretched
across 21 different ECN, MTF and single
dealer platforms, with FXall by far the most
popular, followed by FX Connect as the
most frequently selected options at time
of writing. There is a significant drop-off
between these two platforms and the other
nineteen, suggesting there may be space
for consolidation in the FX market.
The buy-side has indicated that algorithms are
still not heavily used in FX, with the majority
not using them at all.
The ongoing 2016 Organising the FX trading
desk survey should help to provide more
colour on exactly how the buy-side is
reshaping its FX trading activity as the asset
class increasingly comes to be valued in it’s
own right rather than seen as an add-on – stay
tuned for more information and don’t forget to
check your inbox for the link to the survey.