TradingScreen, FXall Compete for Axa's Affections

Axa's Sanders hopes competition will encourage innovation.

TradeEMS will provide Axa with improved transaction cost analysis (TCA) and greater flexibility, according to Lee Sanders, head of foreign exchange (FX) and money markets execution at the firm.

Last week, FX Week reported that Axa had grown dissatisfied with Thomson Reuters' FXall after 10 years of use, but Sanders insists TradeEMS will serve as an addition to, rather than a replacement for, the request for quote (RFQ) platform.

"The first thing an EMS provides is a little bit more flexibility w