Although processes are in place to limit the impact of rogue algorithms, there are further steps electronic FX trading networks can take to protect themselves from cybercriminal activity.

FX algo use is steadily rising, according to a report by Greenwich Associates, with the most dramatic rises seen among corporate traders scrambling to demonstrate best execution, as stipulated by the FX global code of conduct.

From strong and stable to weak and jittery, the pound bore the brunt of the surprise UK general election result, but despite May’s quick move to form a working coalition government, sterling will likely stay soft, say analysts.

A survey released by index provider Coalition on May 24 revealed the grim state of FX business lines.

Almost two decades after the principles of machine learning were applied to FX trading, challenges remain to be addressed for the technology to become ubiquitous.

Competition has become intense in the FX portfolio compression business in recent months, but until now the focus has been on more liquid G10 currencies.

By allowing clients to create their own pools of credit, Noble Bank International reckons it has developed a service that will significantly reduce counterparty settlement risk for FX trading.

FX market players are gaining confidence in randomization as concerns over the potential for wider spreads and reduced certainty of execution have been allayed by market experience.

The newly formed global FX committee will issue guidelines and maintain an index of registers, but they will be run by the private sector.

New set of 55 principles replaces regional codes with a single blueprint for good conduct in global FX market.

The top firms this year look like they haven’t moved in 18 years. How can nearly two decades of upheaval appear to have altered the rankings so little in Euromoney’s foreign exchange survey?

Charting the evolution of the FX industry.

The FX industry has moved on from the fixing scandal and now wants to write its next chapter, underpinned by a new code of conduct. But liquidity remains fragile, volume is down and further challenges lie ahead.

View results of the Euromoney FX Survey 2017 here.

Euromoney magazine has released the results of its 39th annual foreign exchange ranking, the most comprehensive quantitative and qualitative annual study available on the FX markets.

The rollercoaster ride for currency-hedged exchange-traded funds (ETFs) shows no sign of slowing, with the up of 2015 and subsequent down of last year followed by increased investor interest in the early months of 2017.

The non-deliverable forward (NDF) market has been among the fastest growing corners of the FX market, as investors looking for yield increasingly turn their attention to emerging market (EM) currencies. Now, with Pragma’s algo-trading clients joining the party, liquidity could be set to surge even higher.

Institutional FX and derivatives broker Sucden Financial claims its new OTC FX options service has broken fresh ground in addressing concerns raised by corporates around liquidity, costs and the availability of pricing data.

Two technology firms say they have pushed the boundaries of trading latency a step closer to the limit with a solution that cuts tick-to-trade latency from 250 nanoseconds to just 120.

Nine years after FXMarketSpace ceased operations, it appears 2017 will be the year when FX options clearing finally returns to the table – and forwards clearing is also set for a boost.

Tuesday’s announcement that UK prime minister Theresa May is calling for a snap general election caused a surge in the pound, but can sterling keep the ground it has recovered?

Prime-of-prime providers reject any suggestion that their existence could undermine the FX industry, but they acknowledge that further investment in pre-trade risk control will be required to maintain customer confidence.

CLS has responded to calls to expand the scope of its forthcoming netting service, CLSNet, to include less liquid EM currencies. From next year, currency traders will be able to net off trades in more than 140 currencies, regardless of whether they settle on CLS, in a move that is set to enhance liquidity across the FX market.

Claims of FX derivatives mis-selling have spiked since the EU referendum, although the limited number of court cases brought to date indicates the difficulties faced by companies who feel they were sold products not appropriate for their hedging requirements.

This year has been a good one for the eurozone economy, with business confidence, credit growth and economic activity set to hit a six-year high in the first quarter.

Demand for FX algos is on the rise as asset managers seek to take greater control over order execution, according to a JPMorgan survey.

Global FX trading has fallen between two consecutive triennial surveys for the first time since 2001, according to the BIS, with declines in spot trading accounting for most of that decline – but measured in other ways, FX liquidity remains robust.

In-house banks offer the prospect of more efficient management of FX exposures for corporations, but putting the necessary infrastructure in place presents a considerable implementation challenge.

FX buy-siders aren’t convinced of the risk-management potential of stop-loss orders, after many were disappointed with results following big swings in volatility last year.

Credit Suisse books Brazilian profits and switches to Malaysia; crowded trade hints at heated valuations.