Most innovative e-FX trading platform: Morgan Stanley

Substantial investment in Matrix pays off for US bank

Pete Eggleston at Morgan Stanley
Pete Eggleston, Morgan Stanley

Gaining market share in the single-dealer platform (SDP) space is not an easy game: it was dominated by three large players, with clients such as hedge funds showing little interest in even looking at alternatives, until the beginning of this year. This changed with the extreme price gap on January 15, when many customers of the big three started looking elsewhere for relationships.

A client with whom FX Week spoke while referencing the awards said he used to trade on two other platforms, but

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