“Never waste a crisis”. The banks certainly haven’t! Asset owners and investment managers are dealing on significantly wider spreads. For example, spreads on 1-month Aussie Swaps increased by 500 to 1000% since the onset of the COVID-19 outbreak. FX TCA vendors like FX Transparency help clients monitor spreads, create mutual trust and negotiate for the best execution available. How are you managing FX execution costs during these volatile times?