Corporates Slow to Adopt Sophisticated FX Hedging: Greenwich

A surprisingly small number of the world’s largest companies employ sophisticated techniques designed to assess and manage their foreign exchange risk, according to a survey by Greenwich Associates. Companies use FX markets to hedge currency risks in the course of their businesses, however, Greenwich says, relative to banks and financials, their FX needs and strategies […]
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Fed Think Tank: Bitcoin is Not a New Type of Money

A new blog post by the Federal Reserve Bank of New York’s Liberty Street Economics unit argues that bitcoin should not be viewed as a new type of money, rather it is more accurate to think of it as a new type of exchange. The post by Michael Lee and Antoine Martin of the New […]
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Latest Profit & Loss Issue Now Live

The latest issue of Profit & Loss magazine is now live, click here to access it. In this issue we review the single dealer platform industry and discuss the latest innovations and ideas therein, as well as present the 2020 Digital FX Awards in full. FX market conditions are also in the spotlight as we […]
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Liquidity Thins Out as Conditions Take Toll on FX Market

Conditions in FX markets are deteriorating steadily according to market sources as liquidity providers (LP) ration precious resources and battle widespread shut downs of offices. Spreads, which have been gradually widening over the past few days, have continued to do so Monday with dealers reporting top of book spreads on FX platforms anywhere from between […]
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White House Watch – Finally, Relief for the Dow

Sure, last week was the worst for stocks since the financial crisis and there was more bad virus news from around the world, but for those looking for any tiny bit of good news, how about that buying surge at the end of Friday’s trading? What was it that at 3:44pm ET triggered that wave […]
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Can Symbiont’s Blockchain Solution Change How FX Trades?

For many years, Symbiont deliberately avoided touching FX. But now, having partnered with Vanguard, it is building a decentralised network for FX trading that it claims could represent a major inflection point for the industry. Galen Stops reports. One thing that the team at Symbiont, a blockchain technology company founded in 2013, are adamant about […]
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The New FX Benchmark – What Does it Mean?

Colin Lambert muses on the broader significance of the latest BIS number for the FX industry as a whole. However the number was arrived at, the FX market will, for the next three years at least, be known as a $6.6 trillion market – reinforcing its position as the largest financial market in the world. […]
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Battle Lines Drawn

Looking at the geographical distribution of OTC FX turnover, Galen Stops sees some areas of competition emerging amongst different trading centres, but argues that it will be a long time before we see the outcome of any moves being made now. It will have come as no surprise that the data from the Bank for […]
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FX: Still a Banking Market

Much has been said about how the banks’ influence in FX markets is much reduced, but is that accurate? Colin Lambert says the data suggests it is not. It is easy to get wrapped up in the rhetoric of the “customer being at the centre of what we do”, but is the reality a little […]
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Currencies in Competition

On first glance there appeared to be few significant changes of note when looking at the currency-specific data in the latest BIS survey. But scratch beneath the surface and this data asks some important questions, says Galen Stops. Looking at the data regarding the currencies themselves in the latest OTC FX turnover survey from the […]
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