What Does A Third Generation EMS Look Like?

July 2025

Execution Management Systems (EMS) are becoming an increasingly vital part of the FX tech stack for buy-side trading desks – helping firms to optimise their execution, manage liquidity more effective, and meet best execution obligations.

In our latest FX Spotlight article, we trace the evolution of EMS platforms through the lens of our own strategic journey — from developing the essential functionalities and workflow tools required by buy-side firms to delivering new innovations designed to give them the edge in today’s marketplace — and outline what we anticipate the next generation of technological development will bring.