trading platforms

Emerging market (EM) currencies hold both promise and peril for hedge funds and market-makers alike. Despite their potential for lucrative returns, they are susceptible to changes in global risk appetite, as well as political and economic…

State Street expects the relaxation of restrictions on FX trading by overseas funds using China’s Qualified Foreign Investor (QFI) programme to make onshore renminbi (CNY) pricing more competitive and create opportunities for dealers that…

A consortium of 10 banks and market-making firms is investing $172 million in BGC’s electronic trading and exchange business, called FMX. The deal, which gives FMX an implied valuation of $667 million, underscores BGC’s ambitions to…

JP Morgan is setting out to potentially disrupt its own foreign exchange overlay business with a new execution method that allows clients to place multiple dealers in competition for trades, while using the bank’s credit standing to…

Banks operating single-dealer platforms (SDPs) are grappling with mounting challenges, including the costs of maintaining their offerings in a crowded field. More client types, such as corporates, feel compelled to execute a wider range…

Morgan Stanley has overtaken Citi as the top bank for FX forwards trades with US insurers in the final quarter of 2024, thanks to an uptick in trading with Massachusetts Mutual. The US dealer leapt from second place in Q3 to retake top…

US mutual fund manager Vanguard has begun clearing its non-deliverable forward (NDF) transactions at LCH ForexClear, according to three sources. It is understood the Philadelphia-based firm started clearing its NDFs through a clearing…

Hedge funds are tricky customers for banks. They can trade complex instruments in big size, with little notice. They put multiple banks in competition at once, making it hard for dealers to profit from trade flow. And the growth of…

Invesco more than tripled the size of its foreign exchange options book during the fourth quarter of 2023, as it took several large positions in G10 and Latin American currencies. The firm had the largest increase in notional…

FX Markets is delighted to announce the winners of the Asia FX Awards 2024. The seventh edition of the Asia FX Awards recognises and showcases the best banks, dealers, brokers and currency managers in the Asia-Pacific region…