EuromoneyFXnews.com Buy-side e-trading survey Choosing an execution venue, single-dealer
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How many platforms do you utilise to execute? | |||||
Number of Platforms used SDP: | All | <$10bn (turnover per annum) |
>$10bn (turnover per annum) | Banks (non market-making) | Corporate |
Only one | 29% | 33% | 29% | 28% | 43% |
Two | 22% | 33% | 10% | 22% | 14% |
More than two | 49% | 33% | 62% | 50% | 43% |
A third of respondents said that they had changed single dealer platforms within the last 12 months | |||||
All | |||||
Last month | 38% | ||||
Last 3 months | 17% | ||||
Last 6 months | 14% | ||||
Last 12 months | 31% | ||||
What factors are important when you choose an electronic venue? | |||||
All | |||||
Rank | Features/Reasons to use an SDP | Score | |||
1 | Choice of counterparty/bank relationship | 124 | |||
2 | Reliability/stability of platform | 77 | |||
3 | Breadth of currencies | 70 | |||
4 | STP/Integrated workflow | 46 | |||
5 | Breadth of product algo tools/analytics/charting/online chat | 41 | |||
6 | Pre-trade research | 17 | |||
7 | Support/help desk | 16 | |||
8 | Integrated workflow | 10 | |||
< US$10bn (turnover per annum) | |||||
Rank | Features/Reasons to use an SDP | Score | |||
1 | Choice of counterparty/bank relationship | 47 | |||
2 | Breadth of currencies | 35 | |||
3 | Reliability/stability of platform | 26 | |||
4 | STP/Integrated workflow | 23 | |||
5 | Breadth of product algo tools/analytics/charting/online chat | 22 | |||
6 | Support/help desk | 13 | |||
7 | Pre-trade research | 10 | |||
8 | Integrated workflow | 2 | |||
> US$10bn (turnover per annum) | |||||
Rank | Features/Reasons to use an SDP | Score | |||
1 | Choice of counterparty/bank relationship | 75 | |||
2 | Reliability/stability of platform | 47 | |||
3 | Breadth of currencies | 35 | |||
4 | STP/Integrated workflow | 23 | |||
5 | Breadth of product algo tools/analytics/charting/online chat | 19 | |||
6 | Support/help desk | 4 | |||
7 | Integrated workflow | 8 | |||
8 | Pre-trade research | 3 | |||
Banks (non market making) | |||||
Rank | Features/Reasons to use an SDP | Score | |||
1 | Choice of counterparty/bank relationship | 104 | |||
2 | Reliability/stability of platform | 55 | |||
3 | Breadth of currencies | 54 | |||
4 | STP/Integrated workflow | 37 | |||
5 | Breadth of product algo tools/analytics/charting/online chat | 32 | |||
6 | Support/help desk | 12 | |||
7 | Pre-trade research | 11 | |||
8 | Integrated workflow | 10 | |||
Corporate | |||||
Rank | Features/Reasons to use an SDP | Score | |||
1 | Choice of counterparty/bank relationship | 18 | |||
1 | Reliability/stability of platform | 18 | |||
3 | Breadth of currencies | 16 | |||
4 | STP/Integrated workflow | 9 | |||
4 | Breadth of product algo tools/analytics/charting/online chat | 9 | |||
6 | Support/help desk | 3 | |||
7 | Pre-trade research | 4 | |||