The Last Look…
September 21, 2021
We are going to learn a lot about how seriously FX market participants take the FX Global Code over the… 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.
We are going to learn a lot about how seriously FX market participants take the FX Global Code over the… Read More »
With ESG investing high on the public agenda, the Global Foreign Exchange Division (GFXD), part of the Global Financial Markets… Read More »
Three weeks ago I asked the question, “is it time to declare the primary FX venue era over?” and, unsurprisingly… Read More »
The Full FX is partnering with TabbFORUM to bring FX Market Structure 2022, an online conference on 1 December 2021… Read More »
Are we about to get movement on one of my regular themes in this (and previous) columns, the London 4pm… Read More »
The Global Foreign Exchange Committee’s Three-Year Review of the FX Global Code more or less formally came to an end… Read More »
As someone with a chequered relationship with the academic world, it was interesting to read a summary of a paper… Read More »
Is it time to declare the end of the era of the primary FX venue? I have been commenting on… Read More »
The FX Global Code, as its founders were keen to stress, is a living, breathing document and the most recent… Read More »
It was suggested to me last week that the growth in outsourced trading in equity markets will inevitably spill over… Read More »
The daily volume of FX trading helps predict returns on currency trading the next day, says a study co-authored by… Read More »
Well, I was going to write about FX platforms, but for a different reason…these things happen so let’s get into… Read More »
I have often found the asset management community something of a paradox – you have people at the cutting edge… Read More »
There comes a time in every walk of life where delivering required change takes leadership. I believe the FX industry… Read More »
“Intent is a difficult concept to demonstrate…the benefits arising from pre-hedging can be very difficult to show”. Therein lies the… Read More »
In this occasional series, The Full FX talks with leading industry figures to find out what they are focusing on and what… Read More »
A friend of mine in the analysis business (and of a similar vintage) recently bemoaned how people now get excited… Read More »
I heard an interesting theory recently when talking to someone on the buy side – that there is a disconnect… Read More »
I am genuinely sorry to do this to you, but given events in the market yesterday and ongoing legal arguments,… Read More »
OK. Tin hat on? Check. Flak jacket? Check. Let’s dive back in to pre-hedging! I have been asked by quite… Read More »
Three banks are facing complaints from Spanish corporations over the alleged mis-selling of FX derivatives. In this blog post, regulatory… Read More »
A couple of times over the last week I have found myself wondering why I missed a news event only… Read More »
Dear Colin We would like to make a few points in response to your recent post on pre-hedging and the Global Code.… Read More »
As a hot topic over the past three years, data has had a good run – people see it as… Read More »
There is nothing like last look to get people fired up in the FX industry – as my mailbag for… Read More »
Inevitably, following the rather chaotic and dramatic pullback in crypto prices, the naysayers are having their day – I have… Read More »
The last week has provided no little insight into how the FX market views the still tricky subject of last… Read More »
Many moons ago, I penned a column at Profit & Loss that was less than complimentary about EBS’ decision to… Read More »
Geoff Jones, founder of GJJC Ltd an e-FX Consultancy, looks at the changing world of the FX liquidity manager, and… Read More »
Last week’s column elicited a lot of feedback and conversation, so much so that I can move the issue on… Read More »
The Australian Securities and Investments Commission (ASIC) says it has commenced proceedings against Westpac for insider trading, unconscionable conduct and… Read More »
I am told the numbers are changing for FX market makers – and not in a positive way – and… Read More »
In late February, The Full FX’ Asian correspondent Tse-Sing Gweilo argued the case for a break down in the Hong… Read More »
A new paper by CME Group’s Traiana studies the current FX credit landscape and argues that the evolution of a… Read More »
One of the areas in which I have always felt certain regulators have been misguided is in their drive for… Read More »
I have longed viewed bitcoin as something to trade – and little more. The evangelists will have you believe it… Read More »
For those of you that follow the English Premier League, I am a West Ham fan – a team that… Read More »
BNY Mellon has extended its iFlow monitoring tool, which offers a near-real time look at real money portfolio flows across… Read More »
When the whole chat room/Fix scandal blew up, a regular feature of my columns in P&L’s Squawkbox was how the… Read More »
Although the debate over the “Reddit trade” phenomena has moved on (some would say descended) to arguments around the US… Read More »
Outsourcing has been a big topic in FX markets for many years, although over that period the conversation has taken… Read More »
Nothing is highlighting market structure change like the current furore over retail traders – yes, the crux of that debate… Read More »
Last year, TFS – ICAP received fines of £3.4 from the UK’s FCA and $7 million from the US CFTC.… Read More »
Does the Coronavirus pandemic present a threat to the effective independence of the Bank of England? Stuart Cole, chief macro… Read More »
One of the lasting legacies of the pandemic, in FX terms at least, is likely to be market structure change.… Read More »
I ran a poll last week about peer-to-peer trading to gauge the temperature of the FX industry over this still… Read More »
The Hong Kong dollar peg has often in its history been able to lean upon Mark Twain’s famous, and possibly… Read More »
Sometimes genius comes from the most unexpected direction. The sharp eyed amongst you will note this column has a new… Read More »
Sterling’s rebound from its peak pandemic lows has been one of the FX stories of the last year, and Stuart… Read More »
A New York judge has ruled against Citi in its efforts to recover $893 million it paid by mistake to… Read More »
