Euronext FX to Default to Code-Only Liquidity Pools, Enhance Data
October 4, 2022
With The Full FX View Euronext FX has become the latest platform to unveil plans to transition its anonymous spot… 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.
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 »
ESMA may not work quickly, but it is persistent and thorough – and for that reason the FX industry needs… Read More »
The European Securities and Markets Authority (ESMA) has published a consultation paper looking at the issue of pre-hedging and while… Read More »
We can argue about pre-hedging and last look all we like, but has there ever been a more divisive subject… Read More »
The US Department of Justice has charged three men, including an ex-Coinbase employee, of insider trading in digital assets. What… Read More »
We said goodbye to a friend of mine – and many of you – with the laying to rest of… Read More »
A few readers were in touch about last week’s column to suggest that I under-played the role of prime brokers… Read More »
Here’s a question: What’s happening in the non-bank market maker space in FX? It was noticeable during my extended trip… Read More »
The Financial Markets Standards Board (FMSB) has released its final Statement of Good Practice (SGP) on trading platform disclosures across… Read More »
I accept that this column often criticises, it is part and parcel of this job, but this week I come… Read More »
As the one-year anniversary of the updated FX Global Code approaches, two senior members of the Federal Reserve Bank of… Read More »
I had a very interesting conversation with someone in the crypto world last week during which we agreed that the… Read More »
An article in the latest BIS Bulletin, published by the Bank for International Settlements, highlights the practice of MEV (miner… Read More »
There have been hints that regulation is forcing banks’ to widen their FX swaps pricing, not least the Bank for… Read More »
Over the years there have been three main issues I felt the FX industry needed to deal with, one of… Read More »
Even with the tremendous volatility in the sector, there are many more traditional hedge funds investing in crypto and more… Read More »
Very quietly the next big change on the regulatory horizon is approaching in stage 6 of the Uncleared Margin Rules… Read More »
Very quietly, the FX Global Code turned five last week. I remember being in New York for a Profit &… Read More »
With global authorities increasingly assertive in their warnings over the potential financial stability threat from the merging of crypto-asset and… Read More »
While aimed at the broader community, last week’s announcement from Deutsche Bank that it was making vendor sustainability ratings compulsory… Read More »
Ever since the Bank for International Settlements (BIS) highlighted the scale of settlement risk in FX markets in its 2019… Read More »
Stablecoins – discuss. At least I have one ‘W’ under my belt when Galen Stops and I reconvene to assess… Read More »
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 »
