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Welcome to<br />
e-FOREX<br />
transforming global foreign exchange markets<br />
<strong>Nov</strong>ember 20<strong>23</strong><br />
Our regional e-FX perspective report in this edition focuses on<br />
the MENA region where the electronification of FX continues at<br />
pace along with growing demand for increasingly sophisticated<br />
fintech amongst financial market participants. A mixture of<br />
progressive regulatory environments and policies which have<br />
relaxed restrictions on foreign ownership of assets are attracting<br />
more foreign investors. Although electronic markets are firmly<br />
established in larger Middle East economies, in some regions<br />
e-trading is still relatively new so there remains enormous growth<br />
potential and opportunities for e-FX over the next few years<br />
which we will be following closely.<br />
Susan Rennie<br />
Susan.rennie@sjbmedia.net<br />
Managing Editor<br />
Charles Jago<br />
charles.jago@e-forex.net<br />
Editor (FX & Derivatives)<br />
Charles Harris<br />
Charles.harris@sjbmedia.net<br />
Advertising Manager<br />
Ben Ezra<br />
Ben.ezra@sjbmedia.net<br />
Retail FX Consultant<br />
Michael Best<br />
Michael.best@sjbmedia.net<br />
Subscriptions Manager<br />
David Fielder<br />
David.fielder@sjbmedia.net<br />
Digital Events<br />
Ingrid Weel<br />
mail@ingridweel.com<br />
Photography<br />
Tim Hendy<br />
tim@thstudio.co.uk<br />
Web Manager<br />
This month our trading operations feature is exploring FX analytics<br />
and why data and analytics now go hand in hand in helping<br />
to constantly reshape the execution process, making it clearer<br />
and more transparent. Demand is growing for high quality,<br />
independent data and with the link between post-trade data and<br />
pre-trade analytics for decision-making so important, it’s easy to<br />
understand the efforts that are underway to move data from a<br />
post-trade environment to a pre-trade one. The arrival of AI and<br />
ML are also likely to shake up and improve the task of execution<br />
analysis but their ultimate success in doing this is likely to depend,<br />
once again, on the quality of the data that is available to them.<br />
Building an ultra-low latency FX trading infrastructure is not an<br />
easy thing to do and as we discover in our traders workshop<br />
feature in this edition it is only half the battle for trading<br />
firms where the real challenge lies in maintaining speed in<br />
the face of multiple potential sources of delay. With that in<br />
mind we explore some of the specific factors that can impact<br />
latency and how use can be made of a number of analytical<br />
toolsets that can help firms monitor the state of their trading<br />
infrastructures. The takeaway lesson seems to be that enabling<br />
ultra-low latency trading is an ongoing process and if you<br />
decide to work with a third party provider to help you do it<br />
choose one that really understands the intricacies of this type<br />
of unforgiving trading operation.<br />
SJB Media International Ltd<br />
Suite 153, 3 Edgar Buildings, George Street,<br />
Bath, BA1 2FJ United Kingdom<br />
Tel: +44 (0) 1736 74 01 30 (Switchboard)<br />
Tel: +44 (0) 1736 74 11 44 (e-<strong>Forex</strong> editorial & sales)<br />
Fax: +44 (0)1208 82 18 03<br />
Design and Origination:<br />
Matt Sanwell, DesignUNLTD<br />
www.designunltd.co.uk<br />
Printed by Headland Printers<br />
e-<strong>Forex</strong> (ISSN 1472-3875) is published monthly<br />
www.e-forex.net<br />
Membership enquiries<br />
Access to the e-<strong>Forex</strong> website is free to all registered<br />
members. More information about how to register<br />
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To order hard copies of the publication<br />
or for more information about membership<br />
please call our subscription department.<br />
Members hotline: +44 (0)1736 74 01 30<br />
Although every effort has been made to ensure the accuracy of the information<br />
contained in this publication the publishers can accept no liabilities for<br />
inaccuracies that may appear. The views expressed in this publication are not<br />
necessarily those of the publisher.<br />
Please note, the publishers do not endorse or recommend any specific website<br />
featured in this magazine. Readers are advised to check carefully that any<br />
website offering a specific FX trading product and service complies with all<br />
required regulatory conditions and obligations.<br />
The entire contents of e-<strong>Forex</strong> are protected by copyright and all rights are<br />
reserved.<br />
Finally, we have now launched our new Institutional Digital Assets<br />
newsletter IDAssets at: www.idassets.net<br />
As usual I hope you enjoy reading this edition of the magazine.<br />
Charles Jago, Editor<br />
NOVEMBER 20<strong>23</strong> e-FOREX 3
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