The Last Look…
February 10, 2026
In amongst the recently-published minutes of the latest Global Foreign Exchange Committee meeting was an interesting – and most welcome… Read More »
In amongst the recently-published minutes of the latest Global Foreign Exchange Committee meeting was an interesting – and most welcome… Read More »
Semi-annual data from six of the seven local FX committees indicates that FX turnover fell off in October, compared to… Read More »
Organisations today are rich in talent. Yet despite this and their unprecedented access to data and technology, many still struggle… Read More »
Not least because of “Liberation Day” inspired volatility, FX venues that publish data largely had a banner year in 2025,… Read More »
In the first Unfiltered video of 2026, Blair Hawthorne, CEO of Loop FX, and Colin Lambert, publisher of The Full… Read More »
Last week’s meltdown in Japan’s bond markets, a small matter of JGBs shifting in a day what normally takes a… Read More »
2026 has started pretty much how 2025 proceeded – random events spiking interest in markets, although this year, thus far,… Read More »
It has been pointed out to me by an observant reader, that the first column of every year since Michelle… Read More »
Financial markets have long equated strong workplace performance with financial results. But this thinking comes with hidden costs – significant… Read More »
As we did last year at this time, we thought it would be interesting to see what you, the readers,… Read More »
As has become customary, we will close the year with a look at the most read columns to grab a… Read More »
SmartTrade is acquiring Kace Financial, previously known as Fenics, a leading financial technology provider for FX and interest rate derivatives… Read More »
In the latest in the disruptor series, David Mercer, CEO of LMAX Group, and Colin Lambert, publisher of The Full… Read More »
If there has been one ever-present driver of volatility in FX markets over the past year it has been the… Read More »
The CME outage last week is the latest example of how the FX industry has, in the main, managed to… Read More »
Stables, stability and risks – where next? At least one of Australia’s major super funds will start using stablecoins in… Read More »
One aspect of the Bank of England paper studying the effect on Credit Suisse’s clients following that bank’s collapse in… Read More »
There are many things in life that inevitably end in disappointment, West Ham going 2-0 up only to lose; every… Read More »
1:1 or 1:100? Stablecoins continue to have many doubters, despite the fact that the (current) US government is not one… Read More »
The FX swaps market continues to automate, bringing with it a host of challenges for those desks tasked with ensuring… Read More »
If you thought that the noise around the Libor/market manipulation/trader dismissal issue from nearly a decade ago was diminishing, you… Read More »
In the latest Unfiltered video interview, Aled Basey, head of Haus FX and FX execution advisory, UK at Deutsche Bank… Read More »
Welcome to the inaugural Full FX Awards, where we seek to recognise outstanding e-FX technology. These awards have initially been… Read More »
Market impact metrics were back closer to the average for 2025 at the September quarter-end, with currencies behaving largely as… Read More »
The data may be preliminary and there is much more detail to come, but here are 10 themes or data… Read More »
The Bank for International Settlements has released the 2025 Triennial Survey of FX Turnover, revealing that average daily volume in… Read More »
The US appears to be keen to underwrite a new growth phase in derivatives markets. This is according to a… Read More »
With thanks for the feedback on last week’s effort (answer below) – especially those who delighted in pointing out a… Read More »
In a Markets setting, tensions often run high. The pace, constant flow of information, and pressure to perform often magnify… Read More »
I rarely have sympathy for regulators – I understand we need some guidance in markets, but too often relatively uninformed… Read More »
We’ve all heard of price discovery, welcome to (FX) word discovery. To start the week, The Full FX is publishing… Read More »
An ingenium Case Study. Raiffeisen Bank International (RBI) significantly improves internalization & inventory management by using ingenium’s advanced eFX Trading… Read More »
In the latest Unfiltered interview from The Full FX, Colin Lambert talks to Arash Tasouj, business development manager at Deutsche… Read More »
A few weeks off does wonders for the mind, helps you focus and, often, come back to work with a… Read More »
Market impact rose from recent months at the London 4pm August month-end Fix, with savings from using the longer 20-minute… Read More »
Talk data to me* Quite unexpectedly, Uncle Sam is now onchain. That’s a swift pivot for a country that just… Read More »
Deep in the weeds of foreign exchange land, it’s sometimes hard to imagine that there are people living entire lives… Read More »
A new white paper from Reactive Markets calls for greater transparency in trading technology, arguing that while principal market participants… Read More »
There comes a point in many Markets careers where the chase slows down. You’ve hit the targets, banked the bonuses… Read More »
“Pre-hedging”, or “hedging ahead of the Fix” as it is referred to around the major FX benchmark fixes, remains a… Read More »
Market structure evolution is a regular theme in these pages, and indeed this column, and most often it is targeted… Read More »
It was another subdued month-end Fix in terms of market impact in July, albeit one still offering potential savings of… Read More »
Last week’s column prompted quite a response, which can be summarised thus: How confident are you that adhering to your… Read More »
As someone who has argued pretty much from the start that Mark Johnson’s conviction was wrong, it comes as something… Read More »
Former HSBC head of FX cash trading Mark Johnson has had his conviction for wire fraud overturned by a US… Read More »
Ask nearly anyone working in financial markets how they’re doing, and the answer is some version of “not enough hours… Read More »
The one about technology So you don’t like digital assets? Probably because you are a profit centre for a firm… Read More »
In keeping with what was generally a quieter month in markets, potential savings from using a longer month-end fixing mechanism… Read More »
A webinar from The Full FX in association with LMAX Digital Last week The Full FX, in association with LMAX… Read More »
A frisson of excitement rippled through financial markets last week when one of its recent “darlings” was banned by a… Read More »
