At a time when new regulations, divergent central bank policies and changing technology are threatening to fundamentally change how the global FX market operates, a unique perspective on the world’s largest asset class is always welcome.
This is why Profit & Loss is pleased to announce our new Viewpoint section, a series of contributed articles outlining a specific perspective on the future of the FX market.
In the inaugural Viewpoint article Andrew Cromie, global head of product management for institutional investors at 360T Group, looks at how asset managers are responding to structural changes in the FX market.
“In 2003 I was invited to a meeting with a large global asset manager to discuss an electronic trading solution for their FX business. In that meeting I shared with them how they could achieve Straight-Though-Processing (STP), reduce risk in their operation workflow while also creating a more transparent audit trail compared to their manual phone based trading process.
“There was no question that this was a ‘slam-dunk’. In my mind (and of course in the mind of my bosses) this was a done deal! The ‘slam-dunk’ turned into a nightmare….” says Cromie.
Why did it turn into a nightmare and how did Cromie turn the situation around?
To find out, read the full article here.
Have you got a story to tell? If so, please contact Michelle
for details on submitting a Viewpoint article.