Tech and data
Vanguard, FX forwards kingmaker
Counterparty Radar: How the fund giant influenced banks’ overall forwards fortunes in 2020
US funds’ FX forwards settlement dates show clustering effects
Counterparty Radar: Analysis shows concentrations appear on certain dates, which can differ by currency
New benchmark aims to break 4pm fix hegemony
Siren uses 20-minute trade window in a bid to combat fears of manipulation
Passive algos and patient traders
Are all passive fills worth having? XTX’s Matt Clarke says not
Bloomberg’s new data retention policy vexes buy-side firms
Impacted users will have to pay extra to retain communications data for longer than two years
Price limits in FX algos: fill your boots
Do limits affect performance? Double machine learning helps answer the question, says BestX quant
FX industry shows little appetite for single API
Market players sceptical over need for standard programming code to connect clients with services
OTC FX options market gears up for faster electronification
Share of electronic trading remains low but host of factors promise to change that for good
Optimisation firms prep for SA-CCR boom
FX expected to be big focus of industry’s new slimming drive – and vendors are jockeying for position
Overcoming the profitability challenges of corporate banking FX franchises
Corporate banking franchises face a number of barriers to their potential profitability. smartTrade Technologies’ unique multi-asset electronic trading solutions are focused on addressing these barriers, allowing customers to maximise profitability while…
Banks boot up next-gen hedging bots
Automated FX hedging can save money and time, proponents argue. But corporates have qualms
Capitolis signs data deal with CLS
FX optimisation service to use settlement utility’s data to help boost efficiency
Project Helvetia proves central banks can use tokenised assets – BIS
Benoît Cœuré says project marks “the beginning of the further evolution of central banking”
FX markets start to test sentiment data
Already widely used in equities trading, data derived from news and social media is now being applied to foreign exchange
How to navigate fragmented NDF liquidity
Liquidity consumers need to embrace dialogue with their LPs as an integral part of the liquidity curation process, argue HSBC execs
Why bigger can be better with FX options
Large notionals often trade at significantly tighter spreads than smaller ones. Simon Nursey at Digital Vega explains why
NDFs: how algos can make sense of the fragments
The scattering of liquidity in non-deliverable forwards calls for new execution tools, argue HSBC execs
Banks rent ready-made algos for FX trading
NatWest, XTX Markets and others develop new outsourcing model for tech
Do macroeconomic releases still matter?
Tradefeedr’s Alexei Jiltsov explores how FX and other asset classes react to macroeconomic reports
Brexit, Hong Kong tensions revive FX options market
Political wrangles have helped boost FX options volumes in Hong Kong dollar and sterling
Dealers divided over paring FX spot venue connections
Some liquidity providers aim to follow Citi’s lead and cut platforms, but others are wary
Integral goes live with new UX for FX platform
Seventh generation of single-dealer platform built on HTML5 to allow for more customisation
Barclays targets internalisation with new NDF algos
UK bank’s five algos aim to match-off more flow than G10 pairs