Banks mull whether to stick or twist with SDPs

Fewer providers are going all-in on single-dealer platforms, which may lead to consolidation

Banks operating single-dealer platforms (SDPs) are grappling with mounting challenges, including the costs of maintaining their offerings in a crowded field.

More client types, such as corporates, feel compelled to execute a wider range of foreign exchange trades on platforms where they can put multiple dealers in competition with each other.

This has sparked discussions within the industry about the long-term future of SDPs and whether banks can justify investing in them, given what they regard