Challenges and Advancements in Trading

1
Challenges and Advancements in Trading
Distribution Platforms
Mr. T.J. Lim, Panel Chairman Mr. Sean Foley,
Director of Technology for Cognotec Mr. Mark
Robson, MD of Treasury Broking Service,
Reuters Mr. Albert Cobetto, CEO of
BondsInAsia Mr. John Lockhart, Director of
Electronic Broking, ICAP 22nd ACI Asia Pacific
Congress 2nd November, 2002
2
Challenges and Advancements in Trading
Distribution Platforms

• Background and Challenges
• Market Potential of e-Trading Platforms
• Implications for Market Participants
• Leading Online Trading Platforms

3
Challenges and Advancements in Trading
Distribution Platforms

• Background and Challenges
• Market Potential of e-Trading Platforms
• Implications for Market Participants
• Leading Online Trading Platforms

4
Challenges and Advancements in Trading
Distribution Platforms

• Background and Challenges
• Market Potential of e-Trading Platforms
• Implications for Market Participants
• Leading Online Trading Platforms

5
Challenges and Advancements in Trading
Distribution Platforms

• Background and Challenges
• Market Potential of e-Trading Platforms
• Implications for Market Participants
• Leading Online Trading Platforms

6
Challenges and Advancements in Trading
Distribution Platforms

• Background and Challenges
• Market Potential of e-Trading Platforms
• Implications for Market Participants
• Leading Online Trading Platforms

7
Leading Online Trading Platforms
Dealers to Clients Dealers
to Dealers
Fixed Income Fixed Income
TradeWeb (Govt Credit)
e-Speed/Cantor (Govt) Market Axess (Credit)
BrokerTec/ICAP
(Govt) MuniCenter (Municipals)
MTS (European Govt) Bloomberg Bond Trader
SwapsWire (Derivatives) BondHub B
ondVision
FX
FX
FXall
EBS (Majors) Global Link FX Connect
Reuters-Matching (Minors) Currenex
Volbroker (FX Options)
Icor (FX Options)
8
Leading Online Trading Platforms
Dealers to Clients Dealers
to Dealers
Fixed Income Fixed Income
TradeWeb (Govt Credit)
e-Speed/Cantor (Govt) Market Axess (Credit)
BrokerTec/ICAP
(Govt) MuniCenter (Municipals)
MTS (European Govt) Bloomberg Bond Trader
SwapsWire (Derivatives) BondHub B
ondVision
FX
FX
FXall
EBS (Majors) Global Link FX Connect
Reuters-Matching (Minors) Currenex
Volbroker (FX Options)
Icor (FX Options)
9
Leading Online Trading Platforms
Dealers to Clients Dealers
to Dealers
Fixed Income Fixed Income
TradeWeb (Govt Credit)
e-Speed/Cantor (Govt) Market Axess (Credit)
BrokerTec/ICAP
(Govt) MuniCenter (Municipals)
MTS (European Govt) Bloomberg Bond Trader
SwapsWire (Derivatives) BondHub B
ondVision
FX
FX
FXall
EBS (Majors) Global Link FX Connect
Reuters-Matching (Minors) Currenex
Volbroker (FX Options)
Icor (FX Options)
10
Leading Online Trading Platforms
Dealers to Clients Dealers
to Dealers
Fixed Income Fixed Income
TradeWeb (Govt Credit)
e-Speed/Cantor (Govt) Market Axess (Credit)
BrokerTec/ICAP
(Govt) MuniCenter (Municipals)
MTS (European Govt) Bloomberg Bond Trader
SwapsWire (Derivatives) BondHub B
ondVision
FX
FX
FXall
EBS (Majors) Global Link FX Connect
Reuters-Matching (Minors) Currenex
Volbroker (FX Options)
Icor (FX Options)
11
Leading Online Trading Platforms
Dealers to Clients Dealers
to Dealers
Fixed Income Fixed Income
TradeWeb (Govt Credit)
e-Speed/Cantor (Govt) Market Axess (Credit)
BrokerTec/ICAP
(Govt) MuniCenter (Municipals)
MTS (European Govt) Bloomberg Bond Trader
SwapsWire (Derivatives) BondHub B
ondVision
FX
FX
FXall
EBS (Majors) Global Link FX Connect
Reuters-Matching (Minors) Currenex
Volbroker (FX Options)
Icor (FX Options)