Artificial intelligence (AI) systems are too expensive to go mainstream for now, but a future in which human currency traders have been marginalized by machines seems closer than ever.

Regulators around the world have repeatedly tried to tackle the problem of excessive leverage being freely available to retail, particularly in FX, but Belgium's outright ban on leveraged products is the most radical solution yet.

Passengers have Uber, tourists have Airbnb, now Cobalt DL is beta testing the solution that aims to bring the benefits of the shared economy to FX trade settlement.

While market talk suggests a number of finance professionals are delaying planned moves to London and some hiring seems to have been put on hold, specialist FX recruiters claim it has largely been business as usual post-Brexit.

Predicting interest rates is not an Olympic sport, but the job of discerning what the Fed has planned is arguably as taxing as anything Rio is serving up. With economic signals strikingly mixed, and forward guidance offering little additional insight, economists appear to have little conviction in their predictions regarding the Fed's intentions.

Small corporates and not-for-profit organizations are increasingly looking at peer-to-peer FX as a way to lower costs. Euromoney speaks to four customers who have taken their business away from banks.

Brexit-related currency volatility is fuelling a rise in foreign-exchange product mis-selling enquiries from businesses that have been burnt on ‘fiendishly complicated’ currency trades.

The European Securities and Markets Authority’s Market Abuse Regulation (MAR), which came into effect in July, may have effectively brought aspects of spot FX into its scope, argue some advisers. But greater clarity is what market participants need.

The case against two HSBC employees for front-running a foreign exchange order from a client could hasten the death of the principal model for FICC trading by banks. A shift to an advisory-based approach is possible, but banks will struggle to make up lost revenue.

When HSBC’s former head of global FX cash trading Mark Johnson learned that he had a window of just over 30 minutes to move the sterling exchange rate and profit from an approaching client trade, he said: “Ohhh f***ing Christmas,” according to US prosecutors.

The UK's decision to leave the EU has left corporates scrambling to review many aspects of their business to ensure they are able to withstand heightened volatility. Injecting a greater level of optionality into their hedging strategies is one way to protect themselves from increased uncertainty, says Citi.

Kevin Rodgers, the former head of foreign exchange at Deutsche Bank, has written a book about his 30 years in financial markets that should be read by anyone working in the industry today

Hedge funds that are trading currency strategies have plenty of money to allocate, but a lack of clear investment themes and an abundance of market shocks are making their lives difficult.

Recent market moves may have refocused attention on market engagement mechanisms. But there is no consensus on whether circuit breakers are the best solution for managing extreme volatility.

New UK prime minister Theresa May is busy shaping her administration at 10 Downing Street, but it is events taking place barely two miles away, at the Bank of England on Threadneedle Street, that are exercising the minds of those trying to predict where the pound goes next.

Corporate clients continue to pay insufficient attention to the factors FX hedge metrics need to be based on.

Sex discrimination is still rife in the City, but new gender pay reporting rules threaten to expose the gender pay gap at investment banks and compel them to bring real equality to the trading floor.

In a challenging time for global markets, one firm has shown that a capital-lite, targeted model can not just work but actually gain market share.

The BoE still has plenty of monetary weapons in its policy arsenal, including expanding an asset-purchase programme akin to the ECB, but, amid febrile market confidence, it needs to tread carefully.

As market activity, to some extent, returns to normal after the immediate post-Brexit plunge, dealers and traders are searching for signs of how clients will behave over the coming weeks and months.

The regulatory requirement for better understanding of cost is pushing market participants towards central credit despite the disruption caused by last year’s unexpected Swiss franc appreciation.

UK-based financial institutions should expect the bulk of European Union regulations to remain in place up to and even after the UK’s exit from the bloc, despite uncertainties over the terms of the eventual exit, lawyers say.

Paris and other leading European cities will have their work cut out usurping London’s status as the continent’s leading FX centre, even if they succeed in undercutting London’s status as the centre for euro clearing.

Britain's vote to exit the European Union fired volatility back into currency markets and gave traders opportunities in a number of currency pairs, including minors and exotic currencies as well as the majors.

How and why trading was dominated by banks and ECNs, with retail investors cautious about getting steamrolled by volatility.

The market tremors of the game-changing UK vote to leave the European Union will reverberate for years to come across global risk assets, the UK economy, banking stocks and currencies.

FastMatch’s leak/sweep protection order – designed to address market manipulation fears – has received a cautious welcome, but it’s not clear its benefits will be felt equally by market makers and takers.

OMSs are extending their influence across the buy and sell side, impacting the efficiency of broker-dealer sales desks and risk-management practices.

The Swedish krona is ranked as the third weakest currency in a Brexit scenario after sterling and euro, according to analysts.

The potential for next week’s EU referendum to trigger a sizeable movement in sterling highlights the need for clients to review their use of stop-loss orders as a risk-management mechanism, amid memories of the SNB debacle.