Trade execution
A tech revolution in an old-school industry
MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation in FX.
Inside BGC’s quiet move into agency broking
The interdealer broker’s Caventor Capital arm is pitching a hands-on service for hedge funds, filling what it sees as a gap left by large banks
As T+1 looms, non-US firms consider out-of-hours trading
Pruned settlement cycle forces foreign buy-siders to explore automating the FX leg of securities trades
How corporates are tooling up for FX risk
Unstable markets have forced corporate treasurers to adopt whizzier methods for managing currency exposures
JP Morgan pulls plug on deep learning model for FX algos
FX Markets USA: Bank turns to less complex models that are easier to explain to clients
BIS wraps up cross-border CBDC trial
Project Mariana explored FX settlement using ‘automated market-makers’
LSEG’s FXall to open access for banks’ NDF algos
Move tipped to help smooth buy-side adoption of algo execution for non-deliverable forwards
Sterling shocks have traders back on the phones
FX Markets USA: liquidity shocks herald a shift back to voice trading
FX timestamping progress ticks on, slowly
New fintechs may help with the problem, but lack of urgency holding back pace of change
Banks prepare to unleash FX swap bots
BNP Paribas, JP Morgan build execution algos to plug into platforms – but swaps liquidity needs to catch up first
Dragging OTC FX options into the modern day
FX dealers may finally have a viable way to trade the instruments electronically, but limitations remain
Fee standoff intensifies as FX spreads compress
As spread squeeze continues, brokers refuse to budge on trading fees
How long should TWAP algos run?
BestX says modelling typical durations by notional per pair could be used to create a new algo benchmark
GFXC launches public consultation on code review
Comment sought on proposed guidance setting out new disclosure expectations
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
Has Covid stopped the clocks on FX timestamp efforts?
Budget reallocation may not be the only factor stalling standardisation progress, say participants
New hedging tools for corps will test sales teams
Advances in automation could spell big changes in skills required of bank salespeople
Banks boot up next-gen hedging bots
Automated FX hedging can save money and time, proponents argue. But corporates have qualms
Banks nervy over GFXC plan for algo cover sheets
Disclosing inner workings of algorithms could result in loss of intellectual property, banks warn
A peek inside GFXC’s algo cover sheets
Order priority and segregation policy among the items under discussion
AFM seeks ‘level playing field’ for venues and aggregators
Dutch regulator suggests some liquidity services should be classified as OTFs