Argentex LLP (‘Argentex’), a leading FCA regulated provider of foreign exchange services to corporate and retail clients across EMEA, has been ranked the world’s most accurate forecaster of G10 currencies by Bloomberg.
Bloomberg’s rigorous methodology ranks FX forecasters based on three criteria: margin of error, timing (for identical forecasts, earlier ones received more credit) and directional accuracy (movements with the currency’s overall direction). The best overall forecasters were identified by averaging the individual scores for each firm on all 13 currency pairs and all four quarters.
Argentex, which transacted more than $10 billion of currency in 2017 for corporate and private clients globally, was also ranked the most accurate forecaster for the second quarter in a row for the world’s most traded market, EUR/USD.
The prestigious rankings, awarded to Argentex for its forecasting during the last quarter of 2017, underpins the accuracy, speed of execution and expertise of Argentex’s specialist team.
Harry Adams, Managing Director of Argentex said: “We are delighted to be recognised by Bloomberg as the most accurate FX forecaster in Q4 2017. Across Argentex, our focus is on combining tighter pricing, increased transactional efficiency and deep market knowledge to help our clients, both institutional and private, achieve the most from every trade opportunity. We look forward to retaining this commitment to forecasting accuracy as we expand over the coming years.”