Industry in flux as electronic trading and risk control comes to the fore

Addressing the needs of regional banks, high frequency traders, large institutional investors and leveraged retail investors in the ever-changing world of foreign exchange is becoming a significant challenge for traditional participants, with intense competition and changing technology posing strategic and risk management challenges.


Ten years ago traders still used to broadcast messages on the Reuters dealing platform and sent a request for quotes (RFQ) when trading the currency markets. Now dealers increasingly use technology to continuously stream prices to clients, while using algorithms to manage their risk positions. Moreover, quotes are no longer limited to spot G10 currencies and also include options as well as non-deliverable forwards (NDFs). These prices are fed through single and multi-dealer platforms, with new

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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