Analysing Customer Behaviour in the FX Market Using Order Flow Data and Machine Learning Techniques
This thesis has two main objectives related to trading foreign currencies. First, it is investigated how the customer order ow of Nordea is related to currency price changes. Second, the goal is to nd a new way of grouping customers that can give additional insights in the trading behaviour of dierent customers. The study uses order ow data which consists of spot and forward transactions made in