Joe Parsons

Former biggest user of the instrument among US mutual funds returns with $7.6bn of USD/JPY strategies

Predictions of increased settlement risk and later-in-the-day trading have yet to materialise

Counterparty Radar: US mutual funds added $11.1 billion in new positions in Q1

Panellists suggest banks could explore AI tools for foreign exchange pricing

Go-live marks first electronic all-to-all venue for buy-siders trading the instruments

Some big FX options users have switched to dealers capitalising on regulatory mismatch

Research shows “advantageous” prices result in outperformance of 139bp trading USD/CHF

French bank boosts flow business, balancing structured solutions capabilities

Hybrid execution method allows clients to put dealers in competition via a single trading agreement

Unwinds of exotic positions saw vol jump 72% after surprise PBoC move last week

Only two dealers saw revenue growth through 2023 as Goldman Sachs reports 75% drop

LCH’s ForexClear aims to ease capital charges and margin constraints on banks, but will it kick-start clearing?

Court finds against Australian bank for “unconscionable” behaviour, amid calls for a broader guidance around the practice

Counterparty Radar: Carry trade opportunities see managers’ positions increase tenfold in 2023

Unstable markets have forced corporate treasurers to adopt whizzier methods for managing currency exposures

Sun platform could help banks auto-hedge and develop algo execution for the instruments

US bank turns to less complex models that are easier to explain to clients

Counterparty Radar: Maturity and size of FX forwards trades vary significantly between firms

Counterparty Radar: UK bank benefits from MSIM trades as market for US mutual funds expands in Q2

Liquidity recycling has made it trickier for LPs to identify information leakage