Watch: The Forex Industry Embraces Multi-Asset Trading

by Simon Golstein
  • "If you go to a doughnut shop, and they don't have your favourite, the strawberry one, even if they've got everything else you don't buy from that shop."

Over the next week we will be presenting a series of videos of the speeches and discussions featured at the London Summit 2015. If you were unfortunate enough to miss the summit, or did attend but missed out on a particular session, this is your chance to catch up.

Brokers in today's trading industry have to decide if they want to broaden their portfolio, and there are advantages and disadvantages to this- it is both an opportunity and a challenge. In this panel, trading veterans and experts discussed the benefits and drawbacks of multi-asset trading, as well as the factors that make it succeed or fail.

Ron Finberg, Finance Magnates editor, chaired this fascinating discussion, beginning with asking the panelists what they consider to be more advantageous, using a prime broker or going straight to a multi-asset broker. The session ended with questions from an interested audience.

Christian Hammer, Head of Platforms, Saxo Bank: "You want to make sure you get the most out of your capital...going to a multi-asset provider, like the guys who are represented here, will give you a lot of operational efficiency, and I think that at the end of the day this is really the benefit that we bring to the market - consolidation."

James Watson, Managing Director, ADS Securities: "Everyone's aware that the whole PB space has gone upside down... it's the client who's going to define what they want and what we have to do as a group is match ourselves to those clients to give them the best use of their capital."

Cyril Tabet, Partner and CEO, JFD Group: "I would always recommend to work with a prime of prime that has different CFD Liquidity providers, a real pool, that has been spending the time to align all these Liquidity Providers , and will limit your exposure to one liquidity provider that could be ultra sensitive to your retail flow."

Joe Conlan, Global Head of FX Sales, INTL FCStone Markets LLC: "We're seeing enormous growth in this space for the need for prime of prime. A lot of that's coming off the back of some of the major primes pulling back on their offerings."

Brandon Mulvihilll, Global Head of Institutional Sales, FXCM: "What's happening today is that there's this re-calibration where people are saying 'listen if I'm going to tie up this capital I need a return', and when we think about prime of prime we have to be very specific- FXCM is currently offering FXCM prime, but when we think of prime we think of a user who's going to have multiple execution hubs..."

Watch this fascinating discussion in the embedded link!

Watch the rest of the summit's content here.

Over the next week we will be presenting a series of videos of the speeches and discussions featured at the London Summit 2015. If you were unfortunate enough to miss the summit, or did attend but missed out on a particular session, this is your chance to catch up.

Brokers in today's trading industry have to decide if they want to broaden their portfolio, and there are advantages and disadvantages to this- it is both an opportunity and a challenge. In this panel, trading veterans and experts discussed the benefits and drawbacks of multi-asset trading, as well as the factors that make it succeed or fail.

Ron Finberg, Finance Magnates editor, chaired this fascinating discussion, beginning with asking the panelists what they consider to be more advantageous, using a prime broker or going straight to a multi-asset broker. The session ended with questions from an interested audience.

Christian Hammer, Head of Platforms, Saxo Bank: "You want to make sure you get the most out of your capital...going to a multi-asset provider, like the guys who are represented here, will give you a lot of operational efficiency, and I think that at the end of the day this is really the benefit that we bring to the market - consolidation."

James Watson, Managing Director, ADS Securities: "Everyone's aware that the whole PB space has gone upside down... it's the client who's going to define what they want and what we have to do as a group is match ourselves to those clients to give them the best use of their capital."

Cyril Tabet, Partner and CEO, JFD Group: "I would always recommend to work with a prime of prime that has different CFD Liquidity providers, a real pool, that has been spending the time to align all these Liquidity Providers , and will limit your exposure to one liquidity provider that could be ultra sensitive to your retail flow."

Joe Conlan, Global Head of FX Sales, INTL FCStone Markets LLC: "We're seeing enormous growth in this space for the need for prime of prime. A lot of that's coming off the back of some of the major primes pulling back on their offerings."

Brandon Mulvihilll, Global Head of Institutional Sales, FXCM: "What's happening today is that there's this re-calibration where people are saying 'listen if I'm going to tie up this capital I need a return', and when we think about prime of prime we have to be very specific- FXCM is currently offering FXCM prime, but when we think of prime we think of a user who's going to have multiple execution hubs..."

Watch this fascinating discussion in the embedded link!

Watch the rest of the summit's content here.

About the Author: Simon Golstein
Simon Golstein
  • 780 Articles
  • 16 Followers
About the Author: Simon Golstein
  • 780 Articles
  • 16 Followers

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