Buy-side traders say foreign exchange options trading continues to lag behind the rest of the electronic market due to complex booking systems and less streamlined processes. FX options have gradually ...
When interdealer broker BGC revealed its electronic trading business, FMX, with a consortium of 10 global investment banks and market-makers, all eyes were on the creation of a new US interest rate ...
Foreign exchange liquidity providers (LPs) say they are seeing increasing demand from clients to trade on bilateral streams instead of the traditional request-for-quote (RFQ) protocol. Bilateral ...
CME Group is preparing to launch a new cross-currency basis future that it says could provide a more efficient means for banks’ short-term interest rate (Stir) trading desks to hedge risks in their ...
BNP Paribas had its foreign exchange forwards book with US mutual funds halve during the third quarter of 2024, as Pimco and Vanguard significantly cut their activities with the French bank. Notional ...