Automation, “algo trading” and a tighter regulatory environment are driving change in the industry

 

Author: Gordon Platt

BEST FOREIGN EXCHANGE RESEARCH & ANALYSIS Continued...

RESEARCH

BNY Mellon

The world’s largest custodian, with more than $30 trillion of assets under custody and administration, BNY Mellon has unique insight into cross-border investment flows. It provides investment management services in 35 countries and more than 100 markets. BNY Mellon is a global foreign exchange provider and an FX dealer offering support in all currencies, with a focus on emerging markets. The markets strategy team offers analyses of world economies and the fixed-income, equity and currency markets. BNY Mellon’s FX volumes continue to grow as it invests in its electronic trading platform. Its currency administration service is powered by proprietary iHedge software, which captures currency positions, calculates adjustments needed to maintain hedge ratios and targets, and executes transactions at predetermined and negotiated prices.

FUNDAMENTAL ANALYSIS

Brown Brothers Harriman

Brown Brothers Harriman’s foreign exchange desk is a leading market maker to global asset managers. BBH’s clients have access to a strategy team that provides informed commentary on currencies, as well as economic and geopolitical developments. BBH also has a dedicated FX emerging markets team. Clients receive global market coverage through a centralized trading desk with local relationship management. BBH offers a currency hedging solution created specifically for asset managers. It is designed to minimize tracking errors and transaction costs. BBH works closely with clients to create efficient and comprehensive FX programs.

ADDITIONAL RELATED CONTENT:
Q&A w/BBH: Global Events, Global Turmoil

TECHNICAL ANALYSIS

BNY Mellon

BNY Mellon’s iFlow IQ focuses on global capital flows to help generate absolute returns, or alpha. The solution models the aggregate investment allocations that have been made during periods of crisis or calm in the FX, bond and equity markets since the 1990s. This enables clients to study daily data and gain insights into cross-border investment activity. BNY Mellon has developed quantitative models that extract important signals of what is going on in currency and asset markets. These signals have been rigorously back-tested and validated in live markets.

FORECASTS

Mizuho Americas

As part of Japan’s Mizuho Financial Group, Mizuho Americas is a hybrid of its Japanese heritage and its growing presence in the Americas. The firm is the winner of this year’s forecasting award as the top-ranked Mexican peso forecaster for the period from the fourth quarter of 2015 through the third quarter of 2016. Its forecast for the Mexican currency came closest to the peso’s actual finish during this period. Mizuho Americas’ currency strategists provide commentary on currency markets and economics.

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