Addressing the Challenges and Opportunities that come with Trading EM and Restricted Currencies

A renewed focus on best execution in recent years has resulted in the buy side looking to address challenges with their EM and restricted currency execution. With this in mind, the Finance Hive recently gathered a diverse group of European and North American FX traders to discuss their current models for EM and restricted currency execution, the challenges they are facing and the opportunities that are becoming available that they are looking to capitalise on in 2021.

This report summarises the conversation and highlights the challenges the buy side participants are dealing with in these markets. In addition to a summary of the conversation, Colin Carr, FX Trader at Baillie Gifford, and Paul Fyda, Head of Transactional FX, Northern Trust shared their thoughts on a few of the key questions our members are asking.

We have seen that in recent years some currencies have evolved to allow the opportunity to execute from an offshore location, where previously the execution of Spot FX had to be undertaken onshore. This should give the buy side the ability to actively negotiate the deliverable EM Spot FX in much the same way they would for a G10 pair, but the reality can be very different

FX Trader, Baillie Gifford

To read more, download the report to view the full findings. Thank you to our recommended partner for moderating the discussion:

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