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Emerging market liquidity faces capital charge crossroads
Hedge funds and market-makers need a more capital-efficient way to trade EM currencies, argues SGX exec
Measuring expected cost models on large FX trades
BestX study assesses factors influencing algo performance on trades over $100m in size
To rest or aggress? Trends in FX options Clob trading
Buy side’s execution style is evolving towards passive resting orders, finds CME Group’s Chris Povey
Corporate-focused banks see boom in FX trading volumes in H1
US banks report higher FX swaps and forwards volumes from corporates as SA-CCR effect wanes, BCG research shows
Don’t sweep bilateral settlement risk under the carpet
Non-CLS-settled FX swaps still pose major risks, says Baton Systems’ Alex Knight
What’s the right price limit for an algo?
BestX assesses the different impacts a price limit can have on FX algo performance
Podcast: Barzykin and Guéant on FX market-making
Industry quant teams up with academics to build better risk tools for FX markets
Wheels on fire: automated algo selection takes off in FX
Embrace of workflow automation and data analytics is driving asset managers’ adoption of FX algo wheels
How risk managers can stop the FTX infection from spreading
Segregation and transparency can save investors from imploding crypto trading venues
Is stochastic cross-currency basis a better way to model IM?
Using Monte Carlo model extension for forward IM calculation avoids excessive outputs for MVA
The half-speed method: optimising algo timing on an execution desk
Do you trade fast or slow? XTX Markets' Matt Clarke evaluates the optimal speed for execution
Is there an optimal time to trade FX?
CME’s Phil Hermon delves into futures data to search for the ‘hidden liquidity’ available during the trading day
How long should TWAP algos run?
BestX says modelling typical durations by notional per pair could be used to create a new algo benchmark
El Salvador’s bitcoin currency experiment
Move by first nation to approve bitcoin as legal tender raises important issues, writes former Fed advisor
Passive algos and patient traders
Are all passive fills worth having? XTX’s Matt Clarke says not
Price limits in FX algos: fill your boots
Do limits affect performance? Double machine learning helps answer the question, says BestX quant
Is FX catching up with Silicon Valley?
The industry is taking a leaf out of the Silicon Valley playbook to leverage automation, AI and big data, write BNP Paribas execs
Public policy lines blur: implications for reserve managers
Crisis-fighting has pushed central banks into new forms of risk-taking, and this is now spilling into reserve management, says Jennifer Johnson-Calari
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