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 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 ...

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 ...

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 ...

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 ...

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 ...

In mid-2020, US asset manager Franklin Templeton was by far the largest user of foreign exchange options among US mutual funds, with over $50 billion notional on its books – more than four times ...

Tim Carrington and Fabian Shey, co-heads of currencies and emerging markets (EM) at RBS, are set to leave the UK bank, along with Michael Lyublinsky, global head of trading, as the company sets about ...

LCH ForexClear is entering the next phase of its deliverable interbank foreign exchange forwards clearing service. As some of the largest dealers prepare to join, their business could combine with an ...

Jane Street has hired George Fordham, a former director within Barclays’ electronic foreign exchange trading team, in a sales and trading role. Fordham spent almost 10 years at Barclays in London, ...