Non-bank liquidity providers now account for a growing share of FX flow, yet buy-side access to their liquidity remains uneven and is often shaped by routing logic, credit frameworks and onboarding constraints. Alongside this, agency brokers and new execution venues promise alternative access models, but traders still struggle to determine when- and how- these sources deliver genuinely differentiated liquidity.

This panel explores what “alternative liquidity” means in today’s FX market, how non-bank LPs construct and internalise liquidity, and how the buy side can access it more effectively through improved connectivity, credit models and workflow design. Speakers will examine where meaningful differentiation exists, why access remains constrained in practice, and what innovation is still needed to support deeper, more transparent and scalable liquidity pools.