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 ...

Surging oil prices, rising vol and dollar flight triggered stop-outs of emerging market positions, say dealers ...

Stark differences emerge between onshore and offshore pricing during macroeconomic news events, finds LMAX Group’s head of ...

The People’s Bank of China is to scrap its reserve ratio for foreign exchange forwards sales in an apparent effort to curb yuan appreciation, shortly after it set its reference rate for the currency ...

It’s quite spectacular that CME futures’ temporary closure caused market spreads to balloon out by 2-4 times compared to ...

Every three years, the Bank for International Settlements (BIS) publishes its Triennial Central Bank Survey, the most comprehensive snapshot of global FX and over-the-counter derivatives markets. The ...

One question we’ve been discussing on the reporting desk lately is the difference between US president Donald Trump’s impact on the foreign exchange markets in his current term compared with his first ...

Market participants desire more transparency when it comes to price discovery and mechanisms in benchmarking foreign exchange swaps and forwards markets, said panellists at the New York Federal ...

Dealers have been too slow to adopt standardised codes for rejected foreign exchange trades, according to a senior buy-side trader, who also called on trading venues to help accelerate industry ...

Bloomberg has reported significant volume growth on its dealer-to-client foreign exchange trading platform, FXGO, in 2025 despite the introduction of a controversial new brokerage fee scheme that ...

XTX Markets has demanded Currenex disclose details of a tool it claims allowed the venue to execute its own triangular arbitrage trades ahead of other users, as part of its ongoing class action ...

When Citi’s global head of foreign exchange, Flavio Figueiredo, took on the top role in Citi’s global FX unit in the summer of 2023, priority number one was a strategic reset for the business. An ...