e-Forex July 22
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FX Leaders Residential<br />
Meeting<br />
dependent on the asset being traded<br />
as well as its execution path - manual<br />
versus electronic, RFQ versus stream<br />
and so on. Ultimately, the consensus<br />
was that the end goal of MIFID and<br />
best execution remains the same, but<br />
the metrics used to measure it and<br />
how this information is applied has<br />
developed considerably.<br />
RECENT EVENT<br />
The Luton Hoo<br />
On 16 & 17 June, The Finance Hive How has best execution developed<br />
hosted their inaugural FX Leaders since its introduction in the wake of<br />
Residential Meeting at sumptuous The MIFID? And how to maximise FX TCA<br />
Luton Hoo in Bedfordshire.<br />
efficiencies and the building blocks<br />
of rules based automation?<br />
The two day meeting was jampacked<br />
with interactive roundtable BEST EXECUTION<br />
discussions, 1:1s, unstructured The buy side felt that the very<br />
networking, educational<br />
definition of best execution - and<br />
masterclasses, technology user what this meant to the trader is<br />
groups, an incredible game of<br />
golf, a competitive clay pigeon<br />
shooting competition, a gala<br />
dinner, a casino and networking<br />
drinks!<br />
Members mentioned that best<br />
execution is no longer seen as a<br />
box ticking exercise, but instead as<br />
a means of adding real value to the<br />
desk with opportunities for alpha<br />
generation, offering better service to<br />
investors and allowing traders to add<br />
value through their interpretation<br />
of data and how to apply this to<br />
execution strategy.<br />
Data as always underpins the process<br />
- without the right data inputs to TCA,<br />
it’s incredibly hard to truly measure best<br />
execution so firms should look if able<br />
to invest in these areas and preferably<br />
to work with multiple vendors and data<br />
inputs to maximise output.<br />
Through the casino night, The Finance<br />
Hive together with their members and<br />
partners managed to raise over £4.5k<br />
for Macmillan Cancer Support!<br />
Over the course of two days, buy side<br />
members benchmarked and debated<br />
the most pressing industry concerns<br />
and trends - a few key takeaways are<br />
highlighted in this article to give a bit<br />
of insight on what was discussed.<br />
14 JULY 20<strong>22</strong> e-FOREX
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