E-trading takes hold for FX swaps – sort of
Bulk of trades are being executed over screen, but bolder changes have stalled
Electronic trading for foreign exchange swaps and forwards is booming. It has also hit a brick wall – several of them, in fact.
The boom is in screen-based trading, with banks variously telling FX Markets that between 60% and 95% of their flows now happen this way. But this is entry level e-trading. Transactions are predominantly arranged via request-for-quote (RFQ) – replicating the steps involved in voice trading – and the lion’s share of the business is still bilateral, concluded over single
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Derivatives
Risk Management
After bruising EU model review, banks ask: ‘Why bother?’
Post-Trim changes erode capital savings from internal models while raising their running costs
Receive this by email
Most read on Risk.net
- After bruising EU model review, banks ask: ‘Why bother?’
- Mixed signals as swap dealers begin quoting ‘SOFR first’
- Capturing the effects of climate change on CVA and FVA
- Anti-fraud product & Anti-money laundering product of the year – BlackSwan Technologies’ ELEMENT™ of Compliance
- Swaptions get fallback safety net, but crave CCP fix