Dealers say these instances highlight clients’ jumpy response to headline risk. The constant flip-flopping in skew may ...

When news broke on July 16 that Trump had drafted a letter to remove Federal Reserve chair Jerome Powell, the market hadn’t ...

Traders found consistent and actionable pricing in lit FX spot and futures order books during volatility rollercoaster in Q2, ...

Vendors that must register as multilateral trading facilities (MTFs) may end up passing increased regulatory costs on to ...

Conflicting interpretations of European digital assets legislation are hindering the development of euro-denominated stablecoins, according to Don Wilson, chief executive of DRW Holdings. As a result, ...

Hong Kong’s de facto central bank has intervened to protect the currency’s peg with the US dollar at the weak end for the second time in less than a week. The Hong Kong Monetary Authority said it had ...

Why Iran tensions failed to rattle markets Despite initial fears, traders say risks were signposted and investors had deleveraged after April ...

Hedge funds that bet the yen would materially weaken following last weekend’s Japanese election were left disappointed after prime minister Shigeru Ishiba announced he would stay on, despite his ...

For years, bitcoin was seen as a speculative outlier: volatile, loosely regulated, and detached from the macroeconomic fundamentals that drive traditional asset classes. Today, we’re seeing something ...

The so-called Trump trade of going long the US dollar via foreign exchange options has seemingly come to a sudden stop following the euro’s massive rally last week, forcing traders to U-turn on their ...

While foreign exchange spot is one of the most highly electronified products in the market, options have long lagged behind because of their complexity and relative lack of liquidity. But not only are ...

Chinese corporates shunned hedging during tariff upheaval High hedging costs and increasingly stable spot rate meant exporters opted not to add FX hedges as RMB rose ...