360T Podcast Series

Tibor Gergely, Head of e-FX Liquidity at Commerzbank, joins the 360T Podcast to discuss the evolving structure of electronic FX markets and the growing role of data, automation, and pricing intelligence across Spot and Swaps trading. Drawing on extensive market-making experience, he explores how liquidity providers build pricing from fragmented market data, the continued electronification of Swaps...

Santhosh Srinivasan, Group Treasurer at Nium, joins the 360T Podcast to explore the unique FX challenges facing fintechs operating in a 24/7 business environment across global payment corridors. Drawing on experience at both banks and fintechs, he examines how the treasury function has evolved from a pure operations role into a critical revenue and risk driver — and why getting treasury right from...

Gerardo Garcia, General Director of Central Bank Operations at Banco de México and Chair of the Global Foreign Exchange Committee (GFXC), joins the 360T Podcast to explore one of the most important initiatives shaping modern FX markets: the FX Global Code. Reflecting on its origins, he discusses how the Code has helped rebuild trust, strengthen governance, and establish a common standard of best p...

As he prepares to retire from a 40-year career in FX, including the last 25 at T. Rowe Price where he currently serves as Head of FX, Toby Baker reflects on how technology has transformed buy-side trading desks. He examines how the rise of e-trading reshaped market structure by driving new efficiencies, and explores the next wave of innovation — from AI and automation to tokenisation and advanced...

As tradition dictates, Colin Lambert, Co-Founder of The Full FX, kicks off the year by joining our first podcast to unpack the biggest moments and surprises from FX in 2025 — and to offer his predictions for what lies ahead. Undeterred by the mixed fortunes of last year’s calls, Lambert forecasts major crypto and stablecoin developments in traditional FX, pre-emptively bemoans the noise around Eur...

This episode begins with Michael Angjeli, Treasury Manager, FX, at Wise, discussing how the goals and objectives of FX trading and risk management within treasury organisations shape and dictate execution decisions. He then explains how Wise has adapted its hedging strategies in response to market volatility, adopting a more dynamic approach to adjusting hedge ratios, particularly for emerging mar...

In this episode of the 360T podcast, Allan Guild, Director at Hilltop Walk Consulting, shares insights from his role chairing the recent TradeTech FX USA conference. These include how rising geopolitical uncertainty has heightened the focus on FX as an asset class, the ever-changing liquidity landscape and the growing importance of data-driven decision-making on the buy side. Guild also discusses...

Once again, Colin Lambert, Co-Founder of The Full FX, joins the podcast to make a series of predictions for the year ahead. But first we review and, for the first time ever, score his predictions from 2024 – has Lambert been looking into a crystal ball or a snow globe? Looking ahead to 2025, Lambert predicts that volatility will drive trading volumes up significantly across the industry, that regu...

Our 50th episode features Mark Mulholland from Fidelity International discussing his recent deep-dive analysis on FX trade rejections, and their impact on execution quality and outcomes. Despite the topic of last look grabbing industry headlines in recent years, Mulholland explains that other often overlooked issues — such as static data — proved to be a bigger driver of reject rates for his firm...

Marc Chandler, Chief Market Strategist at Bannockburn Global Forex, breaks down some of the key themes and trends impacting the FX market. He discusses the fallout of the recent unwinding of the yen carry trade on corporations, explains why currency markets don't always follow a pattern of cause-and-effect and argues that the US dollar will remain at the centre of financial markets - but not...

In this episode Nathan Vurgest, Director of Trading at Record Financial Group, talks in-depth about how data is changing and shaping FX trading desks. He outlines the challenges facing buy-side firms as they try to access and make sense of all the trade data which they generate internally, explains how traders are evolving to provide more value beyond just FX execution and highlights that this bro...

As is something of a tradition on the 360T podcast now, Colin Lambert, Co-Founder of The Full FX, joins as a guest to review the accuracy of his 2023 predictions and make a series of new ones for the year ahead. Lambert receives some gentle criticism for making "obvious" predictions last year, which perhaps prompted him to be more daring this year as his 2024 predictions encompass cybers...

This episode features two experts, Tobias Rank from Eurex and David Holcome from 360T, taking a deep dive into why more FX market participants are turning towards Exchange for Physical (EFP) products, and how the listed FX marketplace is likely to evolve in the future. The pair also tackle questions about how regulations are changing the economics of OTC trading, whether there is really a demand t...

FX is a highly liquid market, with many different currencies to trade that are constantly moving against one another, so why don’t investors typically think about this asset class when building out their portfolios? In this episode Van Luu, Global Head of Solutions Strategy, Fixed Income and FX at Russell Investments, addresses this question and explains the important role that currency strategies...

The FX Global Code of Conduct has been a major and ongoing industry initiative since 2015, but it's been well documented that buy-side adoption of the Code has lagged behind other segments of the marketplace.  In this episode Dagmara Fijalkowski, head of global fixed income and currencies at RBC GAM, talks about why buy-side adoption of the Code has been slow thus far, what possible steps cou...

While the consequences of geopolitical events are felt in the currency markets first, in the long-term it is fundamentals that continue to drive this asset class, says Adrian Lee, the President and CIO of Adrian Lee & Partners, in this episode. He discusses emerging trends across both, as well as identifying the fault lines in the global economy where we might see the next big risk factors eme...

How is artificial intelligence (AI) likely to change the way that financial products, including FX, are traded? This is the key question addressed by Saeed Amen, co-founder of Turnleaf Analytics, in the wake of the recent hype around this technology sparked by new tools such as ChatGTP. Amen outlines some of his own experiments with AI chatbots, discusses the importance of having access to high qu...

Colin Lambert, Co-Founder of the Full FX, joins 360T to review his 2022 predictions and is surprised to find that while he achieved mixed scores on the forecasts he claimed were “certain” to happen, his “wildcard” ones fared much better. Perhaps this is a sign of what an unpredictable year it was? Looking ahead, Lambert picks out the key themes which he thinks will define the FX industry in 2023 a...

In our latest podcast episode Ivan Asensio from Silicon Valley Bank discusses two recent papers, which he co-authored looking at the impact of FX on firms looking to raise equity and those preparing for an IPO. The results of both, he argues, help to make the case that FX should be viewed as a strategic rather than operational concern within organisations. Asensio also talks about how the marketpl...

We are in a period of economic uncertainty with rising inflation, divergent central bank policies, supply chain constraints and geopolitical turmoil fueled by a land war in Europe. Against this backdrop how should investors be positioning themselves and what should we expect in the currency markets? These are amongst the questions that Pedro Jobim from Brazilian hedge fund Legacy Capital addresses...

The Investment Association (IA), which represents UK-based investment firms managing £9.4 trillion of assets globally, recently published a briefing paper calling for reform on FX sub-custodian timestamping. In this episode Hugo Gordon from the IA explains why this issue, which might initially seem to be something of a niche concern, can have significant ramifications for investment managers and o...

In this episode Eoin Fahy from KBI Global Investors provides a buy-side perspective on ESG investing, arguing that applying these principles to investment decisions actually helps rather than hinders the overall performance of portfolios. He also explains how the considerations around ESG investing have grown substantially more sophisticated in recent years as its popularity has exploded and ponde...

ESG: What Isn’t Being Talked About ESG has, to put it mildly, been a hot topic within financial services in recent years, but in our latest podcast episode Duncan Higgins from Sustainable Trading argues that while much of the focus has been on products or processes that are ESG-friendly there are myriad of ways that operational processes could also be improved on this front. He goes on to talk abo...

Joining the podcast once again Colin Lambert ruminates on some of the most surprising developments in the FX industry during 2021 and picks out what he believes to be the most consequential news story of the past year. Looking ahead, he argues that the FX Swaps will continue to propel the overall marketplace towards growth in the upcoming BIS survey and makes a series of predictions — including so...

FX automation has been a key theme amongst buy-side firms recently and, as Christian Schoeppe from SchoeppeFX International Consulting explains in our latest podcast, this trend has only been accelerated by the pandemic. He also outlines the existing barriers preventing these firms from automating more of their FX workflows and trading activity, talks about how these barriers can be overcome and p...