The surge of activity in Hong Kong dollar foreign exchange trading this year offers a reminder of the potential perils when ...

For most of modern market history, trading flows were seen as little more than the smoke from the fire – evidence of deeper ...

While the initial wave of real money USD hedging flows disappointed some dealers, many believe there is more to come ...

Fears of further political turmoil in Turkey have sparked nervous reactions from foreign investors who had piled back into ...

Confidence in a continued gold price rally has enticed hedge funds back into hybrid options trades, after erroneous bets on US equities led to a pause in activity. Hybrid options, which use ...

Entering 2025, the prevailing macro theme throughout the investment community was that the US dollar would continue its dominant path. Years of US exceptionalism – driven by a booming equity market ...

The overturning of Mark Johnson’s fraud conviction in July could indicate that dealers do not owe fiduciary duties to their counterparties when pre-hedging large transactions, according to lawyers.

It’s 2025 and you attend another foreign exchange industry conference where, unsurprisingly, the hot topics remain familiar: data-driven FX, streaming swaps, workflow automation, the ...

When the US Bureau of Labor Statistics revised down May and June jobs data by more than 250,000 in August, Simona Mocuta, chief economist at State Street Investment Management, was unsurprised. May’s ...

As developed countries continue to rack up deficits, the big question looming over markets is, who will buy the growing pile of sovereign debt? Hossein Zaimi, global head of macro at Barclays, doesn’t ...

The maturation of any asset class follows a remarkably consistent pattern. From equities to fixed income and foreign exchange, markets typically begin with centralised, transparent order books that ...

It’s a known but unproven assumption that predatory trading during the 4pm London time fixing window for benchmark currency rates – mostly from high-speed hedge funds and prop desks – can lead to ...