Banks are finding it hard to risk-manage the exotic yen options structures that hedge funds are using to bet on interventions by the Bank of Japan, dealers say. The trades – reverse knockout (RKO) ...

This is the second of two features about the use of AI tools by quants in their daily work. The first looked at how banks and ...

This is the first of two articles based on interviews with senior quants about the use of agentic AI tools in their daily ...

Benjamin Klixball has joined non-bank market-maker IMC Trading in New York in a senior sales and distribution role. Klixball had previously spent nine years at XTX Markets in the US, most recently as ...

Deutsche Bank is mounting a direct challenge to the custody banks that dominate operational foreign exchange execution for asset managers with the launch of an automated service it claims can cut ...

Several foreign exchange traders and salespeople have left Societe Generale over the past five months, FX Markets understands. Among the most recent senior departures is London-based Ruchir Sharma, co ...

For a few weeks in February and March, currency strategists watched what looked like a controlled experiment. As military conflict engulfed the Middle East, oil ripped from $65 to $112, equities sold ...

The London Stock Exchange Group’s (LSEG) foreign exchange trading venue, FXall, is preparing to launch a service that separates credit risk from market-making in FX forwards trades with buy-side ...

The FX Markets Asia Awards recognise the leading banks, dealers, brokers, asset managers, and technology providers across the Asia-Pacific region. It provides a unique opportunity for companies in the ...

Robert DiTrapano has joined Deutsche Bank as its new global head of electronic foreign exchange and spot trading, FX Markets understands. Based in New York, he replaces Benedict Carter, who decided to ...

In the ongoing arm-wrestle between single- and multi-dealer platforms, the latter have an inbuilt advantage. MDPs allow users to obtain prices from a range of competing firms. But SDPs have their own ...

Many foreign exchange options traders are holding back from meaningful directional bets following the US-Iran ceasefire, though some have seized the chance to sell volatility through exotic structures ...