'Click and deal' key for funds

While hedging-orientated clients are more likely to seek traditional request-for-quote (RFQ) services, trading-orientated clients -- such as the growing number of hedge funds operating in the FX markets -- typically prefer executable streaming prices (ESPs), they said.

Lehman Brothers is set to capitalise on this demand, with the September launch of an ESP alternative for its bank-to-customer FX platform FXLive. FXLive currently streams indicative prices and uses an RFQ process, which will co