Tag: Technology

  • 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






    Barclays applies tech to predictions, while HSBC and ING look at pricing accuracy


    Digital rendition of binary code and Python text next to global map and an FX pricing curve

    Bank foreign exchange market-makers are increasingly using machine learning and artificial intelligence technology to improve their pricing predictions and sharpen levels shown to clients.

    Non-bank market-makers have long achieved strong revenues in FX from their ability to use technology to predict where rates will go next. This allows them to adjust their hedging or inventory holdings to benefit from expected moves in spot, on top of any bid/offer they earn from the trade.

    But banks are now

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  • Deutsche Bank takes AutobahnFX on the open road

    Deutsche Bank takes AutobahnFX on the open road


    Deutsche Bank is shifting gears on its proprietary foreign exchange trading platform, offering access to certain workflow elements via third-party platforms – as clients continue to migrate towards these venues.

    For years, banks have tried to divert FX traffic from the multi-dealer platforms by offering value-added services. But their efforts have not slowed down the travel of flows onto MDPs.

    According to a report from Greenwich Associates in November last year, a third of buy-side respondents

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  • Adoption of standard FX reject code too slow – Schroders trader

    Adoption of standard FX reject code too slow – Schroders trader


    Dealers have been too slow to adopt standardised codes for rejected foreign exchange trades, according to a senior buy-side trader, who also called on trading venues to help accelerate industry take-up.

    Last year, the FIX Trading Committee published a set of recommended practices on scenarios for rejected trades and adopted the Investment Association’s proposal of a standardised set of reject codes within its FIX Protocol – the main messaging language used by FX dealers.

    “There’s appetite in the

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  • CrowdStrike sees more costs ahead in the aftermath of last summer’s outag…

    CrowdStrike sees more costs ahead in the aftermath of last summer’s outag…


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  • What Nvidia’s market valuation says about where the stock will be in 5 years

    What Nvidia’s market valuation says about where the stock will be in 5 years


    Published:

    Nvidia Corp.’s market performance over the past six months is a good illustration of the difference between a good company and a good stock.

    Nvidia — the company — has performed phenomenally. Its cumulative earnings per share over the past two quarters were more than 800% higher than the comparable two-quarter total a year earlier. Yet Nvidia’s stock NVDA fell after the company’s earnings report last week.


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  • For AI’s magic hammer, every problem becomes a nail

    For AI’s magic hammer, every problem becomes a nail
















































    For AI’s magic hammer, every problem becomes a nail – FX Markets



    Risk.net survey finds banks embracing a twin-track approach to AI in the front office: productivity tools today; transformation tomorrow


    Hammers are great at knocking in nails. It’s the job for which they were made. Bankers don’t need to tackle that job very often – professionally, at least – so banks don’t issue hammers en masse to the workforce.

    Artificial intelligence, on the other hand, is great at a whole slew of things. Banks have responded by giving staff access to it by way of general-purpose assistants and co-pilots. But when you have an all-purpose tool, where do you start? What should you use it for? Everything?

    Last

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  • Does no-hedge strategy stack up for mag seven mavericks?

    Does no-hedge strategy stack up for mag seven mavericks?

















































    Does no-hedge strategy stack up for mag seven mavericks? – FX Markets



    At Amazon, Meta and Tesla, the lack of FX hedging might raise eyebrows, but isn’t necessarily a losing technique


    The so-called magnificent seven – the seven largest US tech companies that famously make up more than a third of the S&P 500 by market cap – are among the world’s largest firms. They also have some of the greatest geographical distributions – in some cases operating in over 100 countries.

    Yet filings for these tech giants show that three of them – Amazon, Meta and Tesla – choose not to hedge their day-to-day foreign exchange exposures. They reveal no holdings of offsetting FX derivatives

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  • Bloomberg offers auto-RFQ chat feed – but banks want a bigger prize

    Bloomberg offers auto-RFQ chat feed – but banks want a bigger prize


    Every day, thousands of bilateral trades in cash and derivative instruments are arranged via Bloomberg instant messages on the tech firm’s ubiquitous terminals, with parties sending out requests for quotes (RFQs), haggling over prices, and exchanging market colour.

    However, the process is often cumbersome, requiring salespeople to manually cut and paste information between chat windows. This slows down pricing and results in patchy data capture.

    But moves by Bloomberg to offer automated RFQ

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  • Amazon, Meta and Tesla reject FX hedging

    Amazon, Meta and Tesla reject FX hedging

















































    Amazon, Meta and Tesla reject FX hedging – FX Markets






    FX Markets study shows tech giants don’t hedge day-to-day exposures


    Tech-titans-shun-FX-hedging

    Amazon, Meta and Tesla – three of the so-called magnificent seven tech firms that drive US stock market performance – decline to hedge their day-to-day foreign exchange exposures. So concludes a study by FX Markets of the firms’ quarterly filings over the past five years.

    Corporates operating in dozens of countries typically hedge the FX risk from their foreign revenues and expenses with derivatives. But a study of the three companies’ filings shows no evidence of any FX hedging activity. What’s

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