Foreign Exchange

Is alternative liquidity deepening fragmentation in FX markets or solving it?

As the FX market looks to navigate the bifurcation of alternative liquidity coming from main trading venues, such as major electronic communications networks (ECNs), and bilateral liquidity from less standardised venues, experts at TradeTech FX 2025 explored the impact this is having on market structure.  

Foreign exchange: The linchpin between asset classes

Annabel Smith sits down with head of foreign exchange trading at T. Rowe Price, Toby Baker, to unpack why he chose a career in FX, the asset class’ role in the wider markets and the innovations he expects to make waves on the trading desk in the near future.