The Last Look…
May 10, 2022
Well, this column was going to discuss the question, ‘What’s with Bitcoin price action recently?’ but the market seems to… 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.
Well, this column was going to discuss the question, ‘What’s with Bitcoin price action recently?’ but the market seems to… Read More »
Last Friday – a month-end ironically – marked the closing of the Refinitiv consultation on revising the WM Fix and… Read More »
A new study commissioned by Refinitiv and conducted by Greenwich Associates finds “an increasing realisation by the industry and via… Read More »
I was talking to someone in the platform world the other day who suggested these were golden days for the… Read More »
A new survey undertaken and published by the Alternative Investment Management Association (AIMA) in partnership with PwC and Finery Markets,… Read More »
A hot topic in 2022 has been, as most of you will know, the jobs market – the institutions are… Read More »
Refinitiv Benchmarks is to be applauded for releasing a public survey on possible reform of the WMR Benchmark Fix, for… Read More »
The crypto market structure is still developing, but it is interesting that at the retail end of the spectrum it… Read More »
I am often asked why I have a problem with transparency, in certain circles there is genuine disbelief that someone… Read More »
Bad news for the crypto industry – I suspect that one of my least popular FX market mechanisms is coming… Read More »
The International Organisation of Securities Commissions (Iosco), the umbrella body for global securities regulators, has published a report into decentralised… Read More »
I know I need to get out more, but I was reading the latest minutes published by the UK FX… Read More »
Long-time readers will know I have issues with repapering trades unless it is a genuine “fat-finger” error – a panic… Read More »
It shows how long I have been in the FX business that I can’t claim to have grown up with… Read More »
A new staff working paper published by the Bank of England studies the information content in FX options trading volumes… Read More »
Just how much autonomy should a trader have? I ask this question having listened to the first episode of “The… Read More »
A new paper seeking to identify the crucial elements required for a successful adoption of wholesale central bank digital currencies… Read More »
There seems to be a mood of optimism around the FX industry at the moment, I am struggling to find… Read More »
As a Cobalt pilot programme delivers a more than 50% reduction in credit utilisation, Colin Lambert asks, has the FX… Read More »
Perhaps unsurprisingly given the volatility in one and likely increased activity in the other, a new survey finds that proprietary… Read More »
Like many people, I was concerned when I first read the allegations – which it is important to stress, remain… Read More »
Today (February 8) marks one year to the day since the first stories were posted on The Full FX website.… Read More »
I have been thinking about last look, zero hold times and the FX Global Code over the past week. I… Read More »
Given the stunning growth in activity reported by Singapore last week, it really is time the local FX committee changed… Read More »
The last few months have seen more crypto applications and ideas deployed into the FX market, most prominently in the… Read More »
Every year, around this time, there are various releases from firms identifying technological change as the biggest challenge for firms… Read More »
Much has been made of the decline in volumes at both Refinitiv’s Matching and EBS Market over the past few… Read More »
This is not the first changing of the guard we have seen at the Global Foreign Exchange Committee (GFXC), but… Read More »
There is a fair bit of ‘buzz’ around the announcement that HSBC and Wells Fargo are settling FX trades outside… Read More »
Interesting times in the platform world with word reaching me that Refinitiv is consulting with key clients over a change… Read More »
The publication a couple of weeks ago by the FMSB of a Spotlight Review of the precious metals market structure,… Read More »
When GFXC chair Guy Debelle stated clearly what many of us already thought – that the FX Global Code update… Read More »
Crypto valuations…discuss. A truism of all competitive markets is that the cost of trading generally gets crushed – it happened… Read More »
The US Inter-Agency Working Group for Treasury Market Surveillance (IAWG) has published an update on its continuing work to better… Read More »
A couple of months ago I observed that the multi-dealer platform world was in a state of flux – the… Read More »
A UK judge has thrown out claims brought against HSBC by ECU Group that its FX traders deliberately triggered stop… Read More »
There are many reasons I hope the FX market does not follow the path of equities – and the start… Read More »
The blurred lines between retail and wholesale FX markets have long bothered me, mainly because I see problems involving the… Read More »
Last week’s column about the bank-client relationship elicited some interesting responses, most of which – to my surprise if I… Read More »
With central bankers in particular sounding off about the threats of cryptocurrencies – and reinforcing that narrative by pushing the… Read More »
What’s the state of the bank-client relationship? I ask because a couple of recent conversations included observations that it is… Read More »
Aggregation has risen in popularity over the past decade in FX markets, and shows little sign of losing its lustre.… Read More »
It’s time to get all “Oliver Stone” and probably see something that isn’t there, but…I wonder if we are building… Read More »
Exactly what are institutional attitudes to cryptocurrency markets? As a subject, crypto, largely headlined by the price of bitcoin it… Read More »
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 »
