Banks
US fund managers reshuffle dealer books amid new trading highs
Mutual funds, ETFs hit record FX forwards positions but retreat from options; insurers rotate counterparties
Stablecoin consortia may be ‘interim’ step to solo bank issuance
Former Citi payments head and Ubyx founder says all G-Sibs will issue their own coins
European banks bolster US FX sales coverage
New hires come as BNPP and Deutsche Bank leapfrog US dealers on FX forwards
NatWest bridges FXPB and clearing for regional banks
New model maintains traditional OTC market access with added direct clearing option
Banks join forces for stablecoin builds
Three regional consortia gain traction; SG and Standard Chartered stay on solo track
How AI could reshape FX execution choices
Models can redefine transaction cost analysis and deliver ‘intelligent’ execution, writes BestX’s Yangling Li
Top quants on how AI will change some jobs and steal others
Coding skills will matter less and research skills more, say quants in straw poll
FactSet’s Portware expands to tackle complex FX
EMS vendor eyes automation for high-touch FX trades while adding connectivity to new venues
‘Vibe coding is burning us out’
Vibe coding’s rapid spread through the capital markets has left some unhappy; others say the genie is out of the bottle
Societe Generale sees several departures from FX desk
Among those leaving are co-head of FX options trading and several EMFX traders
LSEG’s FXall to launch credit-intermediated FX forwards service
Split Risk to allow buy side to tap best spot and swap prices to create forwards, and unbundle market and credit risk
DB eyes regional bank algo boost from smartTrade tie-up
German bank expects number of banks using its hedging algo suite to double following aggregator integration
Bloomberg launches NLP tool for FX chat pricing
New product scans instant messages to aggregate bilateral FX quotes into a single workflow
smartTrade eyes role as direct streaming linchpin
Vendor plans to tap growing demand for direct API trading solutions across asset classes
Can AI be the great equaliser in e-FX?
FX market-makers see real benefits for agentic AI in code generation and data analysis
JP Morgan’s former head of FXO trading leaves Balyasny
Ankur Dhingra spent almost three years as a macro portfolio manager at the multi-strat hedge fund
Wheels in motion: AB fully automates forex trade execution
US fund manager claims to save time and money with hands-free trading
Review of 2025: A topsy-turvy ride
Rollercoaster year for FX traders ends with G10 volatility and hedging flows back where they started
BIS points to ‘structural transformations’ in markets
Quarterly review cites higher volatility and gold losing its status as a safe haven asset
Banks scale back short-dated FX swaps trading, BIS finds
Interbank FX swaps hit by higher short-term hedging and funding costs, while longer-dated forwards activity jumps
Compression eases capital, risk bottlenecks amid CNH swap boom
Dealers say multilateral compression for yuan cross-currency swaps can increase trading capacity