It’s widely understood by investors that the more patient you’re prepared to be, the cheaper on average you can trade. But in return you must run some market risk – the risk that the market might drift further if you take an hour to patiently

The global FX code has – at a top level – succeeded in improving the quality of the eFX market in recent years. A set of common principles has been laid down and received well but, with a public consultation that could result in further reform, Richard Elston,

With China’s loan market moving rapidly to the loan prime rate, or LPR, over the past few years, foreign lenders have been looking for suitable hedges. Their major problem is that the onshore cross-currency swap market is illiquid, particularly against the LPR, and currency controls

Singapore’s sovereign wealth fund Temasek, JP Morgan and DBS Bank plan to develop a platform to streamline cross-border payments. The project follows the three organisations’ co-operation with the Monetary Authority of Singapore (MAS) on its central bank digital currency (CBDC) initiative. DBS Bank is a

In the middle of last year, when most asset managers were hunkered down in their storm shelters waiting for Covid to blow through, Invesco was introducing a new trading tool for its foreign exchange desk. It might have seemed a bold move – foolhardy even