Very interesting article about the move toward foreign exchange markets becoming fully electronic. Comments from Deutsche Bank, UBS, Cit and HSBC. The article also comments about single-dealer platforms and internalization. Click here to view the full article on Euromoney.
Filed under: FX | Tagged: best price, Euromoney, FX, single-dealer platform | Leave a comment »
One of the things that I’ve often been asked when talking to prospective customers, journalists or analysts about single-dealer platforms (SDPs) is, “Won’t using an SDP conflict with a buy-side client’s best execution requirements?”
This question highlights two commonly held, but erroneous, beliefs – first that a multi-dealer platform will always offer the best price, and that best price and best execution are the same thing. Let’s deal with these one at a time.
First: “Being able to see multiple prices (on a multi-dealer platform) will give a trader the best price at which to trade.”
Filed under: Mike Hill, Single-Dealer Platforms | Tagged: best execution, best price, MDP, SDP, single-dealer platform | Leave a comment »
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