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Foreign exchange

Trading in 2017: Waves of change

Waves of change are altering the landscape of financial markets and compelling institutional traders to take on new responsibilities.

In this special edition of Thomson Reuters Exchange for trading professionals, we explore the dynamic role of traders at asset managers, banks, corporations and hedge funds in 2017 and beyond.

From access to increasingly fragmented pools of liquidity to ensuring data consistency across workflows, the needs of the modern trading desk are vast.

In our first article, we explore how an open platform can help solve the greatest challenges facing traders and provide them with flexibility and choice via partnership. Interviews with financial technology partners ChartIQ, OTAS Technologies and BestX illustrate the benefits of a successful open platform solution.

With demands for increased transparency in OTC markets driven by electronic trading and new regulation, our second article explores how best execution has become a core focus for trading desks. In January 2018, the European regulation (Markets in Financial Instruments Directive II (MiFID II)) will be implemented. Impacted trading desks will be required to take all sufficient steps to achieve the best possible results for their clients. In advance of this, there has been a growth trend in the use of electronic execution algorithms.

Despite an increased level of trading automation, the relationship between the buy-side and sell-side has become increasingly important in new ways. Our third article on trading trends, including survey data from Greenwich Associates, examines how buy-side relationships with the sell-side remain crucial for finding liquidity, cross-asset trading, regulatory insight and research.

This past May, the foreign exchange (FX) market collectively launched the new FX Global Code upholding a new standard of conduct for market participants. Our fourth and final article examines how the implementation of the FX Global Code in addition to MiFID II will drive a gradual change. At Thomson Reuters, we look forward to continuing to partner with the financial industry to deliver new and innovative solutions to support the always-evolving needs of traders well into the future.

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