Underwood FX Consulting LLC
, provides Global Foreign Exchange Market
risk management and strategic consulting services to corporate, brokers, liquidity providers, hedge funds, family offices, investment professionals, PE firms, HFT firms, and individual investors.
Consulting Services Include
- Analyze the Environment Organizations Operate
- Identify Target Customer for Organization’s Product and Services
- Identify Where Customers Are and How to Reach Them
- Geographic Choices of the Business
- Identify USP’s Competition and Differentiation
- Identify Business Opportunities and Risks
- Establish and Execute Growth Goals and Objectives
- Measure and Monitor Progress Versus Expectations
Principal, Keith Underwood
is a respected 25-year veteran of the Global Foreign Exchange
market where he earned a reputation as a formidable FX derivatives portfolio manager and business architect. He is an expert in market practice and in the institutional structure and widespread trading strategies commonly employed by traders.
- Mr. Underwood has managed spot, forward, option, and NDF traders globally. In the course of building customer franchise businesses for US investment banks and European commercial banks, his endeavors carried him to every major trading center in the world. He spent 17 years in the London FX market and eight years in New York. He is a dual citizen of the US and the United Kingdom.
Throughout his career, Mr. Underwood has held several managing director positions at global FX banks including Lloyds Banking Group, Standard Chartered, Credit Agricole, Lehman Brothers, and Morgan Stanley.
Mr. Underwood He has served as a member of the Federal Reserve Banks Chief Dealers Working Group and the British Bankers Association. He lectures at Syracuse University and the University of Connecticut on FX derivatives and financial litigation. He has been quoted in various FX publications and major business news organizations for his market views and sell-side market regulatory developments.
View Keith Underwood's Expert Witness Profile
Between the Delloite 2016 Global FX Survey and the FIREapps Q4 2015 Currency Impact Report, it appears that treasurers and CFO's have resigned themselves to accepting emerging markets currency risks. A deeper dive into the surveys reveals that the FX exposures to hedge (if known because its too expensive to track) can't necessarily be trusted (can't verify hedging numbers), and the high volatility price of EM currency pairs makes it difficult. My advice to those with responsibility for hedging currency exposures is to budget for currency exposure reporting software for 2017, put in place a hedging policy and procedure document that is board approved, and ensure that zero cost collars are utilized to hedge EM exposures.