The Last Look…
March 28, 2023
“Normalcy” has returned to some elements of financial markets with the return of the weekly CFTC Commitment of Traders report,… 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.
“Normalcy” has returned to some elements of financial markets with the return of the weekly CFTC Commitment of Traders report,… Read More »
If anyone was wondering why there is so much emphasis on payment-versus-payment in FX markets amongst regulators, they need only… Read More »
UBS has agreed to buy Credit Suisse in a move to shore up the global banking system as much as… Read More »
The evolution of the FX market structure has always continued at its own leisurely pace, but I sense we are… Read More »
by City Rover[1] There will be a fair few people reading this column who started their career in FX dealing… Read More »
The noose is closing inexorably around those firms in the FX market that believe they can use last look with… Read More »
This is the 100th column since we formed The Full FX, I would like to sincerely thank everyone who provides feedback… Read More »
A new survey from LSEG’s Refinitiv finds that much remains to be automated in FX workflows in banks, with workers… Read More »
There appears to be an eagerness around the industry to create a buzz around “peer-to-peer” spot FX trading, but I… Read More »
A new Working Paper published by the Bank for International Settlements (BIS) finds that dealer constraints in FX spot markets… Read More »
Long-term readers will be happy to hear that after a prolonged spell away, it’s time for me to take on… Read More »
A few weeks ago, a paper was published on the benefits available to FX markets from DeFi (decentralised finance) which… Read More »
By City Rover We should begin this month with a point of order to Editor Lamborghini. His response to last… Read More »
The seventh edition of the JP Morgan e-Trading Edit, which surveys traders for their key issues in markets, finds that… Read More »
Does FX have a transparency problem, or rather, is one looming? I was talking to someone last week who has… Read More »
One of the challenges facing anyone trying to launch a new FX platform, or indeed to seriously grow an existing… Read More »
The Bitcoin bulls are back with a bang, accompanied by the usual predictions, but are they missing a point with… Read More »
The December 2022 month-end FX benchmark fix marked the completion of the first full year of publication of these fixes… Read More »
In 2023 The Full FX is inviting selected guest writers to contribute their occasional thoughts on just about anything to… Read More »
I don’t know whether I was happy or irritated to find that last look exists in the car hire industry… Read More »
To the irritation of most of my regular readers (you’re a rough lot) I am determined to end the year… Read More »
The latest Bank for International Settlements (BIS) Quarterly Report delves into the details around the recent Triennial Survey of FX… Read More »
It’s December, a month of goodwill, which means of course, I am about to take aim at someone – and… Read More »
The recent move by some venues to prioritise FX Global Code-only liquidity has helped dilute the sense that too many… Read More »
In its latest Quarterly Review, the Bank for International Settlements (BIS) seeks to highlights the challenge of “huge, unseen dollar… Read More »
With The Full FX View The latter half of 2022 has seen three major FX platforms announce that at… Read More »
Is it time to reassess the post-GFC regulatory world and consider nuancing many of the rules that were imposed more… Read More »
Before we go any further, a huge thank you to all the sponsors, speakers and attendees at last week’s 60th… Read More »
Is the real danger to cryptocurrency values not the trust (or lack of) factor involved in another firm blowing up,… Read More »
In its latest Expected Cost Monitor report, BestX carries a feature on the recent Japanese interventions to strengthen the yen,… Read More »
Yet again we are reading about a corporation suffering losses thanks to FX derivatives, and yet again the product in… Read More »
Do we need to change how the BIS Triennial Survey data is collated and published? I am always reluctant to… Read More »
The reaction to Credit Suisse winning its case in New York against FX market manipulation by its traders would support… Read More »
How realistic is the prospect of the “real” FX market moving to a 24/7 model? Obviously, there are places to… Read More »
Year-end funding pressures have long been a part of the FX industry with liquidity historically challenged, however the underlying issues… Read More »
Great is the number of post-2005 entrants to the FX market that have been battered with stories and legends from… Read More »
With The Full FX View Euronext FX has become the latest platform to unveil plans to transition its anonymous spot… Read More »
The next week or so will see both EBS and Refinitiv release their volume data for September and both should… Read More »
These are certainly different times in the FX market compared to what we have all become used to, and for… Read More »
Last week saw the 30th anniversary of one of the more remarkable days in my FX trading career, 16 September… Read More »
FX Global Code only liquidity – discuss… Well, the first thing to stress is that I fully support the efforts… Read More »
Following a request for feedback initiative in April, which the firm says is still open on its website, Refinitiv Benchmarks… Read More »
Apart from “stops at”, has there ever been a more persistent rumour in FX markets than those about a big… Read More »
Why the FX industry should not follow the all-to-all, fully transparent, equities style market structure, part 106. Just when we… Read More »
One of the more persistent sores in FX circles in recent years has been the quality – and oversight –… Read More »
A new report from Acuiti finds that the majority of its Crypto Derivatives Expert Network remain optimistic over the future… Read More »
This will be necessarily brief as I am away for 10 days playing chicken with the crocodiles on the golf… Read More »
The International Swaps and Derivatives Association (ISDA) has published a survey of 25 member firms in response to discussions by… Read More »
There are a lot of initiatives underway in the FX payments and settlement space, but the sense is that the… Read More »
A new report by investment management firm PGIM, which manages over $1.4 trillion, finds “little evidence that cryptocurrencies offer any… Read More »
