Technology
BNP Paribas outlines path for FICC algos, SDP and AI projects
After taking on new Cortex and AI roles, BNPP's Razaq sets out the bank's expansion plans and new tech projects
CLS to launch CNH PvP settlement service
Plan will involve settling offshore renminbi in Hong Kong via a separate PvP session
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
Why are FX markets settling for less?
Payment-versus-payment settlement has barely risen in the past 20 years. Perhaps it’s time for a new approach
How quants are getting the most out of Claude
Agentic tools boost productivity by multiples, but using them takes skill
‘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
Market-makers give mixed verdict as CME Spot+ turns one
Traders encouraged by depth of liquidity despite wider spreads and passive performance qualms
An eye on API: bilateral FX takes hold with some asset managers
Long-term savings in trading costs are tempting buy-siders to explore direct connectivity with liquidity providers
New LLMs are proving to be surprisingly good quants
Strides in AI’s ability to do maths mean models can plausibly help with research
CME outage sparks FX soul search
How November’s halt exposed fragile wiring of new futures-led market structure
Market-makers seek answers about CME’s cloud move
Silence on data centre changes fuels speculation over how new matching engine will handle orders
FX options API trading takes off at quant hedge funds
Systematic players behind surge in direct execution, say dealers
Rethinking FX sales – unlocking margin and client value through modern technology
Understand why legacy FX sales tools have become a commercial liability and how modern, human-centred platforms can improve productivity, reduce risk and enhance client outcomes
FX Trading Leaders’ Network: FX liquidity – a ‘hall of mirrors’
The inaugural FX Trading Leaders’ Network examined how market participants can best adapt to an increasingly complex FX ecosystem
CME futures outage caused FX spot pricing problems
At least one non-bank was forced to pull prices, and NDFs also affected
Inside Citi’s FX refresh
Flavio Figueiredo revelas how the bank revitalised its options and e-trading units – and finally tackled SA-CCR
Elizabeth McCaul on supervision, new macro-dynamics and investing in suptech
Former ECB Supervisory Board member speaks about Covid-19 and Credit Suisse shocks, regulation debates, the rise of non-banks and what makes tech projects succeed
Bank FX market-makers ramp up AI usage
Barclays applies tech to predictions, while HSBC and ING look at pricing accuracy
Deutsche Bank takes AutobahnFX on the open road
Proprietary trading platform sets out new workflow-based approach to collaborating with venues
Adoption of standard FX reject code too slow – Schroders trader
Standardised codes aim to improve consistency and transparency around why trades are rejected
For AI’s magic hammer, every problem becomes a nail
Risk.net survey finds banks embracing a twin-track approach to AI in the front office: productivity tools today; transformation tomorrow