The Last Look…
May 6, 2025
Sometimes, language can tell you a lot, even if it not intended to, and I am starting to think that… Read More »
The Position is the place to go for opinion, both from The Full FX and selected FX and crypto industry voices. Colin Lambert will be providing regular commentary on the latest industry developments with the intention of provoking discussion over developments. The Position will also carry occasional market commentary from leading FX and crypto strategists as well as macro commentary from think tanks.
Sometimes, language can tell you a lot, even if it not intended to, and I am starting to think that… Read More »
Is the mighty dollar really finished? The number of people arguing that it’s time to say goodbye to the dollar’s… Read More »
There has been a growing, but still relatively subdued, debate in FX circles about the value – or otherwise –… Read More »
The Crypto Market Integrity Coalition (CMIC), a 51-strong industry body, has released a best practices framework for market making in… Read More »
New platform launches in FX have, in recent years, tended to be low-key events, largely because everyone understands it will… Read More »
24 Exchange has officially gone live with FX swaps trading leveraging CobaltFX’ Dynamic Credit solution to optimise credit intermediation and… Read More »
FX options CLOB SpectrAxe, which launched last year, has announced a Series A funding round, led by Susquehanna Private Equity… Read More »
Last week I noted in our weekly newsletter’s Any Other Business… column (exclusive to those who receive the newsletter –… Read More »
The recent decision by UK regulators to drop proposed mandatory diversity, equity and inclusion (DE&I) disclosures has sparked some debate.… Read More »
The Depository Trust & Clearing Corporation (DTCC) has announced the first development using its Digital Launchpad, unveiled late last year,… Read More »
The time is rapidly approaching when sell side FX market participants have to consider another entry in the debit column… Read More »
If POTUS says it’s good, who are we to argue? At a recent networking event held by a digital asset… Read More »
There are many out there who believe that FX is, inevitably, following equities in market structure terms, but yet again,… Read More »
It is, obviously, very hard to predict how long the current volatile environment in FX markets will last (when is… Read More »
Feedback on industry consultations is often very dry – at least in its public form – so it is both… Read More »
The recent data from the world’s FX committees highlighted what we all knew – spot FX volumes soared year-on-year in… Read More »
Following my column to start the year, I am indebted to a friend who shared some high level data with… Read More »
In an era where automation dominates FX and markets operations, is the value of human skills in danger of being… Read More »
There has been a fair bit of information to consume over the past week, what with the FX committee turnover… Read More »
Sorry everyone but this is going to be an old-school rant – I try very hard not to compare today’s… Read More »
The latest iteration of the FX Global Code contains some important, but nuanced, changes, and as well as highlighting how… Read More »
We had a quiet 10th anniversary in FX last week, and I’m not surprised it was quiet, for it was… Read More »
Three years after it halved its order review time (ORT) to 35ms, Cboe FX is again cutting what is effectively… Read More »
Welcome to 2025, and in the spirit of a happy new year, let’s start by giving someone a kicking! What… Read More »
It’s that time of the year again – when financial organisations create a whole new generation of Accidental Leaders and… Read More »
Taking a look at the most read columns of the year is an instructive process and highlights the importance –… Read More »
There has been a bit of a buzz around the news that LSEG is changing tack in its FX business,… Read More »
With only a couple of weeks to go until the end of 2024 it feels like an opportune time for… Read More »
Last week’s column prompted several of you to get in touch with what was pretty much the same question. Where… Read More »
I think everyone knows by now that pre-hedging bothers me – it raises too many risks, is cloaked in ambiguity,… Read More »
The latest survey from Coalition Greenwich finds that multi-dealer FX platforms (MDPs) are facing a bright future with buy side… Read More »
There are those in our industry who genuinely fear for its future due to what they perceive as the inexorable… Read More »
Whether we’re aware of them or not, biases shape our perceptions, decisions, and interactions with others. Formed by our experiences,… Read More »
Two weeks ago I wrote about the feedback initiative from the GFXC, part of which covered FX settlement, within which… Read More »
This was going to be something about platforms, but sadly, our industry has been struck by another tragedy in the… Read More »
“Feedback” and “Consultation” are interesting concepts in the world of conduct and regulation – I can’t count the number of… Read More »
Regular readers know that I am no fan of some of our friends in the legal profession, so I am… Read More »
The long-term success of FX organisations and the industry as a whole relies on developing and maintaining a talent pipeline… Read More »
By Ted Holloway I wanted to respond to the recent points raised by the editor of The Full FX in… Read More »
It’s clearly a more complex subject, but there is a whiff of the old hedge fund tactic around information when… Read More »
It has become fashionable in some circles to bemoan the lack of opportunities and profits available in FX markets, but… Read More »
One year after acquiring Cürex Group, LMAX Group has unveiled a second FX deal aimed at expanding its product and… Read More »
I will confess, when I first heard of the proposed changes to LSEG FX’ Spot Matching, my initial reaction was… Read More »
FMX Futures Exchange has formally launched, backed by BGC Group and 10 market participants, initially the venue will offer SFOR… Read More »
Have we become too obsessed with best execution? More pertinently, are we even looking in the right direction when judging… Read More »
A few weeks ago in this column, I discussed the impending imposition of brokerage by Bloomberg on FXGO and asked… Read More »
The Foreign Exchange Professionals Association (FXPA) has waded into the ongoing debate around the regulation of FX platforms with a… Read More »
The response to last week’s column drew an interesting picture of how some people see the modern FX industry, specifically,… Read More »
A new survey from Citi’s Securities Services division finds that investors are backing the commercialisation of distributed ledger technology and… Read More »
Far from the consolidation some expected, the FX platform world continues to expand and fragment, but what faces the new… Read More »
