
US insurers take different paths to hedge FX
Counterparty Radar: Maturity and size of FX forwards trades vary significantly between firms

An analysis of the past six quarters of filings by US life insurers shows that while they all use foreign exchange forwards almost exclusively to hedge G10 currency exposures, the way they trade differs significantly between firms.
Life insurers use FX forwards to hedge against currency movements in their portfolios of foreign currency bonds. Athene US Life has been the largest user of the instrument since the first quarter of 2022, when FX Markets’ Counterparty Radar service began analysing
More on Tech and data
How FX execution adapted to tariff turmoil
BestX analysis shows API trading surged, but ‘get done’ and RFQ trading was surprisingly light
Bank FX market-makers ramp up AI usage
Barclays applies tech to predictions, while HSBC and ING look at pricing accuracy
Fnality joins DLT-based PvP FX settlement service
Baton Systems and Osttra’s joint payment-versus-payment FX network adds central bank-backed settlement option
Banks seek to advance predictive pricing models
AI and machine learning-based tools could give FX desks the power to forecast currency movements
State Street’s interop play for FX
About six years ago, State Street partnered with Interop.io to tie together its GlobalLINK suite of platforms. How does this play into the “re-use” mantra?
New FX swap matching platform aims to bridge voice and e-trading
FXswapX seeks to electronify “the last bastion of voice trading” in the interdealer market
Adoption of standard FX reject code too slow – Schroders trader
Standardised codes aim to improve consistency and transparency around why trades are rejected
Mastering the millisecond market
Leveraging millisecond-level data could unlock FX trading opportunities, says LMAX Group’s Sundaram