The Last Look…
September 23, 2025
I rarely have sympathy for regulators – I understand we need some guidance in markets, but too often relatively uninformed… 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 »
It’s not what you said, it’s how you said it… Sometimes what a regulator says and what they actually encourage… Read More »
In the latest in The Full FX’s Inheritors Series, Catherine Bran, head of business development, APAC, at SmartTrade, talks to… Read More »
Time for a full-on, generation gap, rant. Don’t give me this “liquidity mirage: stuff again, FX markets are as robust… Read More »
The Full FX’ Inheritors video series returns, with Colin Lambert talking to the always-engaging and impressive Mercedes Ola, sales director… Read More »
Active asset manager Liontrust has expanded its relationship with BNY Mellon with the outsourcing of its trading for its investment… Read More »
In the past I have received a fair amount of blowback over my position that total transparency in markets is… Read More »
Although markets settled somewhat in May, the heightened volatility, with the associated nervousness, means that market impact at the month-end… Read More »
The introduction of Non-Financial Report Requirements (NFRR) means that in many cases workplace culture is now categorised as yet another… Read More »
With TARFs like these, who needs enemies? Or the dilemma of a sales person. On a sunny summer day in… Read More »
Last week’s column prompted a decent mailbag, which collectively made the point that we all know there is a recurring… Read More »
As someone who has taken the, ahem, ‘occasional’ loss in his time, I find myself irritated by a report that… Read More »
In the latest Unfiltered video from The Full FX, Kate Massey, head of FX market data strategy at 360T talks… Read More »
Equity markets are strange, in the US especially, because everything about them seems intended to benefit market makers. I have… Read More »
Execution costs from using a shorter fixing window rose at the end of what was a busy month in FX… Read More »
In the first Full FX Webinar of 2025, in association with CME Group, Colin Lambert was joined by Tom Palmer,… Read More »
Is the mighty dollar really finished? The number of people arguing that it’s time to say goodbye to the dollar’s… Read More »
Stephen Totten, head of institutional and quantitative product at oneZero, joins Colin Lambert to discuss partnerships and how it is… Read More »
New platform launches in FX have, in recent years, tended to be low-key events, largely because everyone understands it will… Read More »
Paul Houston, global head of FX at CME Group, sits down with Colin Lambert ahead of the much-anticipated launch of… Read More »
Last week I noted in our weekly newsletter’s Any Other Business… column (exclusive to those who receive the newsletter –… Read More »
The time is rapidly approaching when sell side FX market participants have to consider another entry in the debit column… Read More »
Following the ninth annual J.P. Morgan e-Trading Edit, which this year surveyed over 4.200 traders globally, Scott Wacker, global head… Read More »
In the latest Unfiltered video, Colin Lambert has a very enjoyable chat with Lisa Dukes, UK private sector representative on… Read More »
If POTUS says it’s good, who are we to argue? At a recent networking event held by a digital asset… Read More »
With automation in non-spot FX markets continuing to grow, Colin Lambert catches up with Stephan von Massenbach, and George Procopiou… Read More »
A pattern is emerging in the month-end fixes with, for the third successive month, the average savings sitting above $300… Read More »
It is, obviously, very hard to predict how long the current volatile environment in FX markets will last (when is… Read More »
Feedback on industry consultations is often very dry – at least in its public form – so it is both… Read More »
The recent data from the world’s FX committees highlighted what we all knew – spot FX volumes soared year-on-year in… Read More »
