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 ...

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

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.

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 ...

US capital proposals would entail a whopping 96% rise in derivatives counterparty risk charges. But while this potential doubling has struck fear into some in the industry, others believe it’s no big ...

Deutsche Bank is mounting a direct challenge to the custody banks that dominate operational foreign exchange execution for asset managers with the launch of an automated service it claims can cut ...

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, ...

“Only a d***head says ‘vibe coding’ without sarcasm or intended insult. This s*** is burning us out so f***ing hard.” This is the rather harsh opinion of a senior engineer at a mid-tier data company – ...

Scott Breakwell, a former macro and foreign exchange trader at Millennium, has joined Steven Cohen’s Point72 hedge fund in Sydney. Breakwell spent just over a year at Millennium, and prior to that was ...

Tokenisation can help combat inefficiencies in wholesale cross-border payments, the participants of Project Agorá said in a new report, as the Bank of Canada joined the project. The Bank for ...

Several foreign exchange traders and salespeople have left Societe Generale over the past five months, FX Markets understands. Among the most recent senior departures is London-based Ruchir Sharma, co ...