FX Options Volume Can Predict Exchange Rate Moves: Paper
March 7, 2022
A new staff working paper published by the Bank of England studies the information content in FX options trading volumes… 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.
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 »
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 »
