Euromoney: FX outsourcing is quick, but not always easy
The cost of in-house execution tools has been driven up by regulation, fragmentation of liquidity and advances in electronic trading products and services. This, combined with the availability of independent transaction cost analysis (TCA), means firms are increasingly aware of the costs associated with executing FX. This in turn means buy-side clients must be certain that providers are acting as a fiduciary. James Wood-Collins, Chief Executive Officer of Record Currency Management, comments that, because Record is regulated as an investment manager, all work undertaken as an agent is done under the investment manager regulatory structure.
For the full article, click here (subscription may be required).