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-head of FX options trading, one source close to the matter says. He joined in the summer of last year from Nomura, having previously been global head of […]
Two former foreign exchange exotics options traders at Citi have left the US bank to take up new roles at Morgan Stanley and Millennium. Jay Steinberg joined the hedge fund in New York this month as a portfolio manager, while London-based Thomas Roberts joined Morgan Stanley in April as an FX options trader focusing on
Traders revive emerging market carry trades on vol drop – FX Markets Skip to main content End of drawer navigation content Investors turn back to high-yield Latin America currencies as implied volatility falls Investors are once again piling back into the emerging market foreign exchange carry trade as they return to strategies that delivered significant
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. Since the start of April, the US dollar has given up most of its gains against major peers as oil prices have fallen, while US equities have
In times of uncertainty, when screens are whipsawing between red and green, pockets of opportunity can be hard to come by, and quickly wiped out. A month after the US and Israel began their military action in Iran, conflicting political messages mean clear trends have been few and far between. Markets have been at the mercy
Franklin Templeton closes $5bn yen options book – FX Markets Skip to main content End of drawer navigation content Counterparty Radar: Asset manager’s bets on USD/JPY soured as yen weakened through Q4 Franklin Templeton dramatically shrunk its US dollar/yen foreign exchange options positions during the fourth quarter, after call and put spread trades betting on
Citi was the top US dealer for foreign exchange trading revenues in 2025 on the back of increased client hedging demand, according to regulatory filings. The bank generated revenues of $7.9 billion for the year, up 50% from $5.3 billion in 2024, helped by a bumper second quarter from Donald Trump’s Liberation Day tariff announcements.
Gap risk fears push FX traders into Sunday-night Asia hours – FX Markets Skip to main content End of drawer navigation content Volumes surge at Singapore open as Trump’s weekend announcements force early risk management The increased frequency of Trump-led market-moving news at weekends has seen venues report a sharp rise in volumes during the
Renminbi options volumes plummet as vol grinds lower – FX Markets Skip to main content End of drawer navigation content USD/CNH volumes fell 84% in 2025 as PBoC currency management took hold The Chinese renminbi was only a few years ago considered among the most actively traded currencies in foreign exchange options. But volumes have
FX options API trading takes off at quant hedge funds – FX Markets Skip to main content End of drawer navigation content Systematic players behind surge in direct execution, say dealers In the fast-paced world of spot foreign exchange trading, dealers send a constant stream of prices to some of the most active market participants
Wild dollar swing upended FX options hedges – FX Markets Skip to main content End of drawer navigation content Banks chased vol higher as last week’s EUR/USD surge knocked out barrier trades The selloff in the US dollar last week against the yen and euro forced many foreign exchange options dealers to hurriedly buy back
Why FX liquidity is harder to read than ever – FX Markets Skip to main content End of drawer navigation content A breakdown of FX execution methods shows how liquidity is truly formed, writes Isomiq’s Jamie Rose The BIS Triennial Survey headline for April 2025 is something that has been widely publicised and talked about:
All-to-all foreign exchange options venue SpectrAxe is preparing to expand into FX forwards, swaps and non-deliverable forwards, according to recent filings with US regulators. SpectrAxe went live with the market’s first options central limit order book (Clob) in mid-2024, allowing hedge funds to trade anonymously with other hedge funds, regional banks and market-makers via their
Hey, buy-side trader – are you active in foreign exchange? Ever been irritated by the lack of control you have when trading via one of the big FX platforms? Occasionally wonder if there’s another way? JP Morgan Asset Management has been there, too, and found a way. The firm does all of its spot, options,
US mutual funds slash short euro positions at record pace – FX Markets Skip to main content End of drawer navigation content Counterparty Radar: Pimco cut $4.6bn of EUR/USD puts in Q3 amid changing stance on dollar direction US mutual fund and exchange-traded fund managers cut $7 billion of euro/US dollar FX options positions during
Rollercoaster year for FX traders ends with G10 volatility and hedging flows back where they started Source link
BofA, Reactive Markets pick up Risk.net awards – FX Markets Skip to main content End of drawer navigation content US bank wins FX house for performance during Liberation Day, while Reactive Markets takes OTC trading platform prize Bank of America picked up the currency derivatives house of the year award in sister publication Risk.net’s annual
