Despite advances in automation and connectivity, several structural issues continue to dominate buy-side FX workflows. This buy-side- only session brings senior FX desk leads together to discuss the challenges that most consistently surface: accessing genuinely differentiated liquidity, navigating credit and counterparty constraints that shape venue choice, and managing fragmented workflows across pricing, data and execution tools.

The session will open with panelists outlining their most pressing desk pain points, before shifting to an “Ask Me Anything” format led by questions from the room. The discussion is designed to be practical, candid and grounded in real operating experience- focusing on what truly limits efficiency and where change would have the biggest impact. 

Credit access remains one of the biggest workflow bottlenecks for FX desks, with onboarding delays, counterparty limits and documentation hurdles often slowing the ability to trade. This roundtable brings buy-side traders together to compare where credit breaks down, how it affects spot and swaps activity, and what work-arounds desks are using when credit blocks flow. A candid, practical discussion on the pinch points that most disrupt day-to-day execution- and where the buy side want solutions to emerge.

Credit availability and dealer balance-sheet constraints now shape where the buy side can trade, how spreads are set, and which venues and LPs can support meaningful size. As SA-CCR pressures deepen and capital costs rise, credit considerations increasingly influence internalisation practices, liquidity depth and trading consistency across counterparties. This panel examines how credit limits, onboarding friction and emerging intermediation models affect execution quality- and how banks, platforms and solution providers are responding. Speakers will assess where credit is the binding constraint in FX today, which innovations may ease the bottlenecks, and what the buy side can realistically expect as credit and capital frameworks continue to evolve.

**Positions taken by speakers are for debate purposes and do not necessarily represent personal or organisational views**

Crypto’s place on the FX desk remains deeply contested. Advocates argue that institutional participation, regulatory progress and maturing infrastructure make integration increasingly likely. Critics point to persistent valuation uncertainty, sharp volatility swings, immature market microstructure and unresolved settlement and counterparty risks. This debate tests both sides, challenging assumptions about crypto’s trajectory within FX trading.