A Roadmap to Defining an Optimal FX Program

Investment managers are faced with increased pressure to assess whether their foreign exchange programs deliver value to their stakeholders and achieve optimal performance. Unfortunately, many managers view trade execution to be the only factor that warrants review, while in fact they should also consider operational efficiency, proper program calibration and the availability of transparency throughout the entire FX process.

This paper reviews each of these key factors, serving as a roadmap to help managers define their optimal FX program.