Spot market

Bank FX market-makers ramp up AI usage

Bank FX market-makers ramp up AI usage

Bank FX market-makers ramp up AI usage – FX Markets End of drawer navigation content Skip to main content Barclays applies tech to predictions, while HSBC and ING look at pricing accuracy Bank foreign exchange market-makers are increasingly using machine learning and artificial intelligence technology to improve their pricing predictions and sharpen levels shown to […]

Disclosed trading an oasis in the FX liquidity ‘mirage’

Disclosed trading an oasis in the FX liquidity ‘mirage’

It takes a market-wide crisis to know how stable the underlying pipework is that supports it. In the $7.5 trillion foreign exchange market, the measure of its stability is liquidity. This was put to the test last month, as intraday volatility triggered by president Donald Trump’s tariff announcements on April 2 resulted in an explosion

Taiwan turmoil: what drove the TWD surge?

Taiwan turmoil: what drove the TWD surge?

When the New Taiwan dollar (TWD) surged unexpectedly on May 2 and 5, the country’s giant life insurers were immediately blamed for the move, given their huge size relative to the Taiwanese domestic market. Market participants, however, have mixed views on how active the insurers really were – but they agree the moves were exacerbated

FX liquidity ‘worse than Covid’ amid tariff volatility, dealers say

FX liquidity ‘worse than Covid’ amid tariff volatility, dealers say

FX liquidity ‘worse than Covid’ amid tariff volatility, dealers say – FX Markets End of drawer navigation content Skip to main content Available liquidity for single clips dropped to as low as $20 million ahead of tariff pause Liquidity conditions in the global spot foreign exchange markets have been strained since US President Donald Trump

Automated market-making tested by intraday FX vol

Automated market-making tested by intraday FX vol

Automated market-making tested by intraday FX vol – FX Markets End of drawer navigation content Skip to main content Price gaps in spot FX markets could be exacerbated by algos trading on headline risk The increase in sudden large movements in foreign exchange spot markets driven by President Donald Trump’s chaotic tariff announcements may be

Short-term Trump FX trades ‘dead’ as euro rallies

Short-term Trump FX trades ‘dead’ as euro rallies

The so-called Trump trade of going long the US dollar via foreign exchange options has seemingly come to a sudden stop following the euro’s massive rally last week, forcing traders to U-turn on their bets. “I think the Trump trade is now dead and all the USD calls that were bought in various forms are

Futures gain ground in G10 FX pricing

Futures gain ground in G10 FX pricing

A growing number of market-makers and traders say price discovery for several key G10 currencies has already shifted to CME’s foreign exchange futures markets and away from primary venues for certain pairs. In particular, some senior figures say futures contracts have become the primary pricing reference point for the Commonwealth currencies – Australian dollar, Canadian

Trump’s tariff threats stress London gold market

Trump’s tariff threats stress London gold market

The London gold market is facing a mounting structural crisis.   Bullion banks that lend precious metals to producers and each other moved over 200 tonnes of gold to New York in January in response to US President Donald Trump’s tariff threats, leaving the London market desperately short of physical supplies. Dealers in London routinely borrow

J.P. Morgan brings greater transparency to the overlay space

J.P. Morgan brings greater transparency to the overlay space

In a challenging environment, demand for J.P. Morgan’s FX overlay market services has risen significantly as market participants seek to navigate the hedging and execution complexities of the FX market The awards Best FX overlay manager Best liquidity provider for FX spot Best liquidity provider for FX options Best liquidity provider for financial institutions Best single-dealer

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