Toby Baker, T. Rowe Price: FX in the Machine Age

Toby Baker, T. Rowe Price: FX in the Machine Age

Author: 360 Trading Networks February 27, 2026 Duration: 31:40
As he prepares to retire from a 40-year career in FX, including the last 25 at T. Rowe Price where he currently serves as Head of FX, Toby Baker reflects on how technology has transformed buy-side trading desks. He examines how the rise of e-trading reshaped market structure by driving new efficiencies, and explores the next wave of innovation — from AI and automation to tokenisation and advanced data analytics — set to define the future of FX trading. Baker also discusses the pivotal r...

Drawing from its unique position as a technology provider at the heart of the global foreign exchange market, the 360T Podcast Series opens a direct channel to the expertise flowing through international financial institutions. Each conversation in this podcast is built on the daily interactions 360 Trading Networks has with a diverse spectrum of professionals, aiming to distill their collective insight on the world's largest asset class. You'll hear unfiltered exchanges where seasoned industry voices discuss the nuances, challenges, and evolving dynamics of FX trading and technology. Rather than offering broad overviews, the series delves into specific fragments of knowledge that are often only shared between experts. Tuning in feels less like attending a lecture and more like gaining access to a candid dialogue among peers, where practical experience takes center stage. This podcast serves as an ongoing forum, translating the complex realities of the foreign exchange ecosystem into accessible discussions for anyone keen to understand the forces shaping modern finance.
Author: Language: en-us Episodes: 56

360T Podcast Series
Podcast Episodes
Episode 25 - Colin Lambert, Co-Founder, The Full FX [not-audio_url] [/not-audio_url]

Duration: 22:26
The discussion opens with Colin Lambert, the co-founder of the The Full FX news website, joking that he has been predicting structural changes within the FX Swaps space for a long time but that the scene might finally be…
Episode 22 - Andrew Strasman, Principal, Totem Asset Group [not-audio_url] [/not-audio_url]

Duration: 17:23
This episode focuses specifically on trend following, with Andrew Strasman from Chicago-based Totem Asset Group explaining why 2020 should have been a great year for firms deploying this strategy, but also why in some ca…
Episode 20 - Ian Campbell, Treasurer, TT International [not-audio_url] [/not-audio_url]

Duration: 13:15
This episode opens with Ian Campbell from the asset management firm TT International tracing the evolution of technology within the FX industry, explaining that one of the key changes that have emerged as a result is tha…
Episode 17 - Justin Slaughter, Partner, Mercury Strategies [not-audio_url] [/not-audio_url]

Duration: 17:36
The upcoming US presidential election could prove to be a crucial fork in the road when it comes to financial regulation, explains Justin Slaughter, a partner at Mercury Strategies. In this episode he talks about the pot…