e-Forex Magazine | e-FX Industry Report | E-Commerce - Capabilities and Practices
e-FX Industry Report : E-Commerce - Capabilities and Practices
First Published in e-Forex Magazine April 2011
Mike Hill
Director of Marketing, Caplin Systems LimitedDuring the second half of 2010, Lepus conducted a market research exercise, funded by Caplin Systems, assessing the current e-Commerce capabilities and practices at a variety of investment banks. The survey was designed to reveal where e-Commerce is being successful, where its not and what the future trends are most likely to be. The survey was partly statistical, with 30 responses from various types of trading firms around the world. The numeric research data was supplemented by a series of in-depth one-on-one interviews, which provide further anecdotal support to the conclusions. In this article Mike Hill explores some of the more interesting findings, concentrating on FX.
The study we commissioned specifically excluded electronic trading of equities, since the electronic market in equities is already mature and largely exchange-traded. We were particularly interested in finding out, in advance of any changes brought about by the current "tsunami" of regulatory legislation, about the current state of, and future plans for, electronic trading in OTC instruments.
