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Should buy-side execution teams stay in their lane?
Does loading more responsibilities onto trading desks dilute their edge, asks Record’s Nathan Vurgest
From market-makers to matcha: 10 years on an FX desk
Nathan Vurgest from Record reflects on how much change there really has been in FX in the past decade
Crypto’s predictable path from central books to OTC discretion
Demand for bilateral trading, like OTC FX market structure, is fuelling crypto’s institutional take-up, finds BridgePort
How FX execution adapted to tariff turmoil
BestX analysis shows API trading surged, but ‘get done’ and RFQ trading was surprisingly light
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.
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
In a world of uncleared margin rules, Isda Simm adapts and evolves
A look back at progress and challenges one year on from UMR and Phase 6 implementation
Why last look needs a new look
Insufficient LP disclosures leave fund managers in the dark on pre-trade costs, says BidFX’s data head
Levelling the playing field for stablecoins
Regulatory asymmetries are a barrier to innovation in digital payments
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