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Trading in emerging market products, such as foreign exchange (FX) and fixed income (FI), through electronic platforms has increased, reveals a global survey of over 1,300 institutional investors by Barclays Capital. The survey found that 57 per cent of FX users and 33 per cent of FI users currently trade emerging markets products — up from 51 per cent and 26 per cent, in the company's 2009 survey.
Importantly, in the next 12-18 months, 94 per cent of FX users and 97 per cent of FI users expect to trade the same or a higher proportion of emerging market products electronically, signifying that as demand increases for these products, the need for electronic access rises accordingly, Barclays Capital said. On a related note, 74 per cent of FX users said the most important factor for them and/or their organisations was to have access to emerging market prices across time zones.
Barclays Capital's electronic trading platform, BARX, stands expanded to meet demand for emerging market products, including in over 50 global currencies and across a range of fixed-income markets. The survey was conducted globally throughout December 2010 and January 2011.
The respondents included asset managers, broker-dealers, central banks/governments, corporations, hedge funds/commodity trading advisors, insurers, pension funds, private banks/wealth managers and retail/commercial banks, the release said.
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