China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

May 2010

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Best practice in foreign exchange markets 2010


Creating opportunity out of crisis; Transaction cost measurement; Regulation and reducing risk; Algorithmic trading; Arbitrage trading; FX trading moves into the next generation


6th Edition

A new kind of normal: Global foreign exchange markets have normalized and volatility subsided

The events of the past 18 months have had a profound impact on the FX market
as both liquidity providers and their customers put a much greater emphasis on
reducing risk and monitoring exposure in real time. This handbook, which has
been published by Euromoney and FXall since 2005, is read by over 30,000 market
participants each year. We believe that highlighting the challenges and opportunities
that every organization faces and sharing ideas helps the industry to evolve. To keep
our markets resilient, we all must be committed to continuous improvement of our
trading and workflow processes.

In this year’s edition of the Euromoney/FXall Best Practice in Foreign Exchange
Markets handbook, we hope to bring you insights about lessons learned from the
financial crisis and opportunities to gain competitive advantage with best practices.
Our first article, Creating Opportunity Out of Crisis, looks at the resiliency of electronic
trading and concurrent renewed emphasis on relationship e-trading.

In the article, Transaction Cost Analysis (TCA), we look at how to choose the best
execution mechanism to gain an edge. Expanding volumes in the back-office,
coupled with heightened concerns about credit and settlement risk have placed
increased scrutiny on operational efficiency. There has never been a more critical
time to discuss the importance of streamlining operations and being vigilant about
managing risk as the third article, Regulation and Reducing Risk explores. The
Impact of Algorithmic Trading is examined in the fourth article where two recognized
algo trading experts look at the positive impact algorithms have had on order
management and execution, in addition to addressing the classic “buy versus build”
decision. The guide concludes with a forward-looking article, Next Generation of
FX Trading.

The largest and most liquid market in the world keeps growing. Competition and
advances in technology continue to bring transparency to market participants and
we believe the industry is well served by its ongoing focus on all aspects of best
practice. At FXall, we are committed to delivering best practice to our clients and
contributing ideas that will help the industry to trade more knowledgeably, effectively,
and profitability.

Phil Weisberg, CFA
Chief Executive Officer, FXall








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