Trading
A time for special FX
Dealers are beginning to think a lot more seriously about credit-adjusting the prices they quote on foreign exchange derivatives. How are they calculating this, and how are clients responding to the move? By John Ferry
Widening credit spreads: a strategic advantage
While spread-widening is proving advantageous for many, it could be to the detriment of any plans for a central counterparty clearing system for FX, says New York-based independent consultant Pat Lefler