Algorithmic trading
The relative entropy of expectation and price
The replacement of risk-neutral pricing with entropic risk optimisation
For tomorrow’s quants, Python is essential; AI isn’t
Proportion of PhDs in quant teams is sliding, as employers focus on all-round skills
Breaking silos: agile insurance in an uncertain world
Insurers are realigning strategy and operations in the face of growing uncertainty and more complex risk
JPM and MS offer US Treasury algos on Tradeweb
Dealer algos form part of broader execution strategy following acquisition of r8fin
How FX pricing is adapting to Trumpian markets
Dealers are tying pricing engines to new signals in effort to cope with out-of-the-blue moves
Hedge before the fix to avoid predatory traders – research
In simulations, slow and steady hedging for 4pm benchmark orders shaved up to 25% from costs
Building reliable and successful LLM-based workflows
How AI is reshaping analytics, compliance and modelling in finance
Optimising broker evaluation through intraday modelling of execution cost
A method to assess brokers’ performance via their market impact is presented
Can vendors and CTAs escape the CFTC’s clutches?
Withdrawal of Sef perimeter advisory may provide greater flexibility for new breed of crypto tools
BNP Paribas eyes selective algo white label tie-ups
The French bank struck its first FX algo white-labelling partnership with Lloyds
Oxford quantum start-up to offer high-speed arb trading in NYC
OQC to select data centre for super-fast computing in September 2025, plans to launch in 2028
For US Treasury algos, dealers get with the program
Four banks now offer execution algos on Bloomberg, with plans to go further, faster
Automated market-making tested by intraday FX vol
Price gaps in spot FX markets could be exacerbated by algos trading on headline risk
Option market-making and vol arbitrage
The agent’s view is factored in to a realised-vs-implied vol model
Crossed signals: row over collusion pits scholars against traders
An Oxford study claims to show evidence of collusion in ETF markets. Some traders give it short shrift
The path to operational resilience begins with reliability and risk management
The challenges Apac financial services firms face enhancing operational resilience and leveraging data and hybrid cloud
Investment house of the year: BlackRock
Risk Awards 2025: World’s largest investor is undergoing its biggest transformation in more than a decade
Direct feeds: life in the fast lane
Financial services firms are consuming more data than ever to drive a number of front- and middle-office use cases, including algo, proprietary and HFT, market-making functions and backtesting trading strategies
Choosing trading strategies using importance sampling
The sampling technique is more efficient than A-B testing at comparing decision rules
BofA’s e-FX rebuild pulls it closer to rivals
Deploying its equities tech stack, bank seeks to get ahead of the pack with algo and e-FX offerings
The curious case of the revealing orders
Oxford academics have found evidence pointing to collusion on a European exchange, but market-makers aren’t wholly convinced