The programmatic shift: how APIs, embedded FX and AI will redefine FX distribution

The foreign exchange market is entering a new phase of transformation. As new technologies continue to reshape institutional trading, banks are rethinking how liquidity is distributed, accessed and embedded within client workflows.

Based on research with 143 market participants, including corporate treasuries, banks and other financial institutions, this survey report brings together buy-side and sell-side perspectives to explore how FX distribution is expected to evolve over the next five years. It examines the technologies driving change, the challenges slowing adoption and the strategic priorities shaping what’s next for institutional FX.

Inside the report you’ll discover:

• What FX execution channels buy-side and sell-side firms are prioritising over the next five years
• How application programming interfaces (APIs), embedded FX and artificial intelligence are reshaping the future of FX distribution
• Why corporate treasuries expect embedded FX to more than double as an execution channel – and why banks also see it as a strategic priority
• Which FX workflows respondents expect AI to handle, and what is holding adoption back
• What channels and technologies banks are prioritising to prepare for a more connected and highly automated future.

Whether you’re responsible for FX sales, trading, distribution or digital strategy, this report provides practical insights into how market expectations are changing and what financial institutions should be doing today to prepare for the next generation of FX distribution.