The TRADE catches up with Eric Brown, FX trader, T. Rowe Price, delving into the increasingly data-driven world of FX trading and unpacking how buy-side firms are reassessing how they evaluate algo performance.

Algorithmic trading is also becoming a key execution method for buy-siders trading in FX markets, with some participants directing up to 90% of flow through algos, according to a recent Coalition Greenwich report.

“The buy-side will need confidence that in the event of pushback they have legitimate and compelling justifications to reply with […] the need to be able to compete globally is the one that seems to land best with end investors,” Substantive Research chief executive tells The TRADE.

The TRADE caught up with Agathe Dulac, global co-head of capital markets at Barclays Private Bank, to discuss the evolving composition and culture of modern trading teams, unpacking the importance of combining experience with technology, balancing intuition with data-driven decisions, and continuous learning and adaptability in a rapidly changing market environment.

With shifts to extended trading models inevitable across the industry, panellists at TradeTech on Thursday took their stances on the transition, debating whether there is a genuine need to respond to retail and APAC demand, or if these models are truly suited to European markets.

Data asymmetries across global markets have led to a compression of the traditional sell-side, automated market makers and exchanges competing for the same flow rather than playing individual roles in the execution process, Market Structure Partners chief executive tells The TRADE.

As geopolitical risk and policy uncertainty continue to drive currency markets, FX hedging is becoming an increasingly vital tool for global asset managers, Scott Ferguson, VP, lead analyst, FX and cash management, T. Rowe Price tells The TRADE, with demand rising for both dynamic and static strategies.

Following the recent launch of The TRADE’s Outsourced Trading Survey 2026, Claudia Preece revisits findings from last year’s edition, which revealed notable shifts in the key challenges the buy-side are looking to tackle through outsourcing.

More than half of US buy-side equity traders are hitting burnout due to technology glitches, a recent Coalition Greenwich report has found.