Buy-side take-up of execution systems threatens ECNs
A need to manage trades more efficiently across assets, combined with the proliferation of available platforms and exchanges, is pushing the buy side towards greater use of execution management systems (EMSs), which could lead to a shift in the position of multi-dealer platforms in foreign exchange.
“It’s going to be quite competitive. To survive, electronic communications networks (ECNs) need to become more like EMSs – they don’t necessarily have to call themselves that, but they will need to
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