Automation and Risk Management in FX Create Technology Challenges
As the most liquid asset class in the world, foreign exchange (FX) presents a unique set of challenges, particularly when it comes to risk management. Aside from straight exchanges of currency pairs, FX desks are now being consulted on a wide range of instruments where FX is used as underlying for hedging derivatives, for credit value adjustment (CVA) and other areas.
"We're seeing a big trend with FX desks becoming a service provider for the whole bank," says Joerg Heidtmann, global head of
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