Data and analytics are critical to FX – this is a message stakeholders routinely hear and agree with. However, given the current state of data-driven trading workflows at most institutions, putting this message into practice has been challenging.
Innovation in the field of smart data and artificial intelligence (AI) is transforming today’s FX market. Traditionally, FX has been slower than other asset classes to capitalise..
By Daniel Chambers, Head of Data & Analytics at BidFX
To say data is critical to success in today’s FX market is a vast understatement, but for many banks, the ability to extract the true value of their data has remained beyond their grasp. Adoption of AI and machine learning to this end is now picking up pace amongst forward thinking participants – and firms that don’t adopt it will soon be at a significant competitive disadvantage.
By Richard Kiel, SVP, Global Head of FX Solutions at KX