eFX and the Front Office Asset Managers embrace trade OMS
Susannah QuirionDirector of Marketing at Linedata Services
Susannah Quirion shows how, in the near future, asset managers
should expect to see a complete automation of the FX process, with
more deeply integrated OMS technology and functionality.
In terms of technology, foreign exchange
has long been the forgotten asset-class. For many asset managers,
it has simply been viewed as the cost of doing business, a
back-office necessity resulting from international equity and fixed
income trading activity. Considering that foreign exchange is the
largest market in the world it is surprising that it has been the
most operationally inefficient and technologically disadvantaged.
Traditional foreign exchange processes have been entirely manual,
thus prone to error. Fortunately today, the course of foreign
exchange trading is evolving from a back-office risk to a
value-added front-office business.
Less than ten years ago, conventional foreign exchange practices
were completely inefficient both economically and operationally.
Asset managers had two options; they could either negotiate and
process foreign exchange trades in-house, or send (via fax or
phone) their foreign exchange requirements directly to their
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