Banks are finding it hard to risk-manage the exotic yen options structures that hedge funds are using to bet on interventions by the Bank of Japan, dealers say. The trades – reverse knockout (RKO) ...

This is the first of two articles based on interviews with senior quants about the use of agentic AI tools in their daily ...

This is the second of two features about the use of AI tools by quants in their daily work. The first looked at how banks and ...

The Bank for International Settlements is partnering with the central banks of China, Hong Kong, Thailand and the UAE to conduct new tests of cross-border central bank digital currency. The BIS ...

Steve Toland, vice-president of global sales at MarketFactory, will leave the firm in February to move on to new opportunities. Toland's departure comes after a year in the role, responsible for ...

Royal Bank of Scotland (RBS) has hired David Katalan as head of US options trading for currencies, based in Stamford, Connecticut. Katalan, who began his role this month, reports globally to Simon ...

FactSet’s Portware platform has expanded its capabilities for buy-side users to include automation of high-touch trades, with the aim of making workflows as efficient as algorithmic execution orders.

Deutsche Bank is shifting gears on its proprietary foreign exchange trading platform, offering access to some of its workflow elements via third-party platforms – as clients continue to migrate ...

Citi was the top US dealer for foreign exchange trading revenues in 2025 on the back of increased client hedging demand, according to regulatory filings. The bank generated revenues of $7.9 billion ...

JP Morgan has phased out a model that leverages machine learning technology for foreign exchange algorithmic execution, citing issues with data interpretation and the complexity involved. The US bank ...

A wave of departures from LMAX’s swaps and derivatives unit is fuelling speculation among users about the future of the all-to-all swaps matching platform that it acquired from FX HedgePool in October ...

Benjamin Klixball has joined non-bank market-maker IMC Trading in New York in a senior sales and distribution role. Klixball had previously spent nine years at XTX Markets in the US, most recently as ...