FX Multi-Dealer Platform Infographic
The FX multi-dealer platform landscape is more crowded than ever.
Standing out now depends on more than liquidity and pricing.
Our latest infographic breaks down what differentiates the leaders and what clients actually value in an MDP.
Key Points
1. Auto Price accurately and quickly – Auto-pricing quickly is the first step in assessing your MDP competencies. To be competitive, your prices must be generated accurately and then distributed with high flexibility and low latency.
2. Manage risk without compromising – Your ability to manage risk is vital to your ability to price competitively on an MDP. You may decide to hedge small tickets differently from larger orders. Or, you may want to start pricing synthetically for outrights and crosses. In each of these scenarios, you should look for a pricing engine that allows you to hedge differently, based on all the same dimensions as you would use to generate a price.
3. Price complex order types – List trading, batch orders, single spot portfolio (SSP) and strip of forwards – these are all examples of multi-leg or multi-order requests that come electronically from your clients to your trading desk. For regional banks at the receiving end, it’s important to be in pole position to price these requests efficiently to win the business.