Corporates ‘complacent’ over FX hedging costs
Tight prices won't last forever, says a senior treasurer
A senior treasury official at a global technology company has fired a warning shot across the bows of his fellow corporate treasurers, branding them ‘complacent' about the future of FX hedging costs.
Prices on spot and FX derivatives contracts have tightened dramatically in recent years, fuelled by the rise of e-FX trading offered by banks internally or through access to platforms such as EBS or FXall. Banks are now offering prices on the most liquid trades to the seventh decimal place, a
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