Cutting Edge Reconciling P- and Q-calibration with path-dependent volatility A mixed approach designed to improve calibration robustness is presented 16 Sep 2026   |  Technical paper

Views Podcast: Alexander Barzykin on modelling FX market-making HSBC quant discusses adverse selection, price reading and internal liquidity management 28 Aug 2026   |  Opinion

Cutting Edge Optimal quoting under adverse selection and price reading A market-making model is introduced to account for significant real-world effects 19 Aug 2026   |  Technical paper

Views Burnett and Piau on their comprehensive framework for XVAs Barclays quants explain the bank’s approach to a long-standing problem 14 Aug 2026   |  Opinion

Cutting Edge The fundamental representation of pricing adjustments A unified representation of derivative pricing adjustments is presented 22 Jul 2026   |  Technical paper