The ‘nuisance’ trades that asset managers have to handle in foreign exchange create a complex web of orders for long-only firms. Advancing their FX trading capabilities in order to improve the timing and costs of trading through automation can create real efficiencies. However, bringing automation into the workflow requires trust, particularly when the machine may be replacing a set of relationships and established trading methods. Chris Matsko, head of FX trading services at FactSet, outlines how real-money managers can build automation into the trading desk to take advantage of new liquidity sources and more effective ways of working an order.
Published on February 5, 2020