18 Aug 2025
10:15 -21:00
19 Aug 2025
09:00 -21:00
Times are shown in local time
Open to: Presenting authors, discussants, the programme committee and invited guests.
Cambridge Judge Business School
Trumpington St
Cambridge
CB2 1AG
United Kingdom
This event is by invitation only. If you are interested in attending, please express your interest by emailing sfxcambridge@jbs.cam.ac.uk no later than 30 June 2025.
Cambridge Judge Business School’s Symposium on Foreign Exchange Markets (SFX) is an annual event showcasing cutting-edge research into currency markets.
It represents the official continuation of the Vienna Symposium on Foreign Exchange Markets (VSFX), which has been led successfully by the WU Research Institute for Capital Markets (ISK) since 2018.
With the support of CME Group and the Centre for Endowment Asset Management (CEAM) it has been possible to continue this symposium – recognised globally as one of the leading academic conferences in international finance – as an annual event at the University of Cambridge from 2025.
John Maynard Keynes addressing the Bretton Woods conference, 1944.
The format of the Symposium on Foreign Exchange Markets remains unchanged from the VSFX of prior years. Two days of high-quality presentations organised across sub-thematic sessions that showcase the latest academic research in the field of FX markets.
Submissions on topics such as FX risk premia, FX investment strategies, FX valuation, FX and monetary/fiscal policy, FX of emerging markets, FX regimes, and related topics are welcome. There will continue to be a best paper award and the winning paper will be selected on the quality of the submitted paper as well as the conference presentation.
Please find below the timeline for the 2025 SFX
28 Jan 2025 | 1 Mar 2025 | 2 May 2025 | 18-19 Aug 2025 |
---|---|---|---|
Call for papers opened. | Call for papers closed. | Successful presenters notified by committee | Symposium on Foreign Exchange Markets |
10:00-10:50
10:50-11:00
11:00-13:00
Chair: Josef Zechner
11:00-11:40
Discussant: Fabricius Somogyi, Northeastern University
11:40-12:20
Discussant: Nicola Borri, LUISS
12:20-13:00
Discussant: Xiang Fang, Hong Kong University
13:00-14:00
14:00-15:20
Chair: Xiao Xiao
14:00-14:40
Discussant: Leland Bybee, University of Chicago Booth School of Business
14:40-15:20
Discussant: Pasquale Della Corte, Imperial College London
15:20-15:45
15:45-16:45
Moderator: Chris Povey, Head of FX Options, CME Group
17:30-18:30
18:30-21:00
08:30-09:00
09:00-11:00
Chair: David Chambers
09:00-09:40
Discussant: Gino Cenedese, Fulcrum Asset Management
09:40-10:20
Discussant: Paul Whelan, Chinese University of Hong Kong
10:20-11:00
Discussant: Riccardo Colacito, UNC Chapel Hill
11:00-11:30
11:30-12:50
Chair: Lucio Sarno
11:30-12:10
Discussant: Vania Stavrakeva, LBS
12:10-12:50
Discussant: Ricardo Reis, LSE
12:50-14:00
14:00-16:00
Chair: Christian Wagner
14:00-14:40
Discussant: Wei Opie, Deakin University
14:40-15:20
Discussant: Philippe Mueller, University of Warwick
15:20-16:00
Discussant: Andrea Vedolin, Boston University
17:30-18:30
18:30-21:00
Sarah Carter is Executive Director of the University of Cambridge’s Centre for Endowment Asset Management, and previously set up and managed the Master of Finance at Cambridge Judge Business School. Before that, she worked for Plan International and for the United Nations Association. She has undertaken PhD coursework and research at the University of Wales, Aberystwyth, and was awarded an MA with distinction in International Studies by Durham University and a BA (Hons) in Psychology by the University of Hertfordshire.
Merve is Centre Manager of the University of Cambridge’s Centre for Endowment Asset Management (CEAM). Prior to joining CEAM, she was practicing corporate law in Turkey as an in-house lawyer in Istanbul. Merve holds LLM in Economic Law from Galatasaray University, and LLB from Istanbul University.
We are grateful to CME Group for supporting the Symposium on Foreign Exchange Markets. CME Group operates 2 globally critical FX marketplaces – the world’s largest venue for exchange traded FX futures and options, and EBS, the primary market for FX spot and non-deliverable forwards (NDFs).
We are grateful to Pembroke College, Cambridge for supporting the Symposium on Foreign Exchange Markets through its International Finance Fund. The fund was established to encourage and promote high quality scholarship within international finance.
We are grateful to the Cambridge Endowment for Research in Finance (CERF) for supporting the Symposium on Foreign Exchange Markets. CERF promotes research at the University of Cambridge into all aspects of the practice and history of finance, financial institutions, and financial markets, and their relationship with economic behaviour and performance.