October 23, 2013
In a recent survey of the FX Managers’ Peer Groups, metrics for FX trading were high on the agenda. Considering gyrations in EM currencies, the tentative nature to Europe’s recovery and China’s offshore RMB pooling pilot, accurate metrics are vital to gauging both how well companies perform in the areas they control, and overall FX performance that includes the host of variables out of traders’ hands.
At the top of the list, dollar volume by counterparty is the number one monitored metric. This is followed by dollar volume by currency, dollar volume by product and the ratio of bids submitted to bids won by counterparty.