The Last Look…
December 3, 2024
Last week’s column prompted several of you to get in touch with what was pretty much the same question. Where… Read More »
Last week’s column prompted several of you to get in touch with what was pretty much the same question. Where… Read More »
I think everyone knows by now that pre-hedging bothers me – it raises too many risks, is cloaked in ambiguity,… Read More »
IOSCO has published a much-anticipated consultation document on pre-hedging, following a survey of its own members, seeking wider views on… Read More »
It’s clearly a more complex subject, but there is a whiff of the old hedge fund tactic around information when… Read More »
It has become fashionable in some circles to bemoan the lack of opportunities and profits available in FX markets, but… Read More »
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to ANZ to AUD750 million in response to… Read More »
Former HSBC head of FX cash trading Mark Johnson has launched another appeal to overturn his 2017 conviction for wire… Read More »
In the latest Voice of Experience Column, Ted Holloway discusses the growing issue of data ownership, and also takes a… Read More »
The pre-hedging Spotlight Review from the FMSB merely serves to highlight, in my view, just how difficult, and potentially risky,… Read More »
In an effort to bring some clarity to a perpetual grey – as well as controversial – area in markets,… Read More »
ANZ says it has taken action against “several” employees on its Sydney Rates team over alleged breaches of its conduct… Read More »
The failure by former HSBC head of cash trading Mark Johnson to have his conviction vacated in the US effectively… Read More »
The Global Foreign Exchange Committee (GFXC) has unveiled Stuart Simmons, head of multi-asset solutions at QIC, as its new vice-chair.… Read More »
For large fixing orders, it benefits both the client and the dealer carrying out the transaction to hedge in the… Read More »
This week’s column is full of opinion and thought-provoking observations, but it has a different author – I think Eva… Read More »
How worried, or otherwise, should we be about buy-side adoption of the FX Global Code and how much more effort… Read More »
The information released regarding the episode between Westpac and its client that led to the bank being fined for its… Read More »
Last week’s Full FX conference included – as is inevitable these days – multiple references to AI and its potential,… Read More »
This is the second in our occasional series, The Voice of Experience, which taps into the experience of senior, and… Read More »
It took just half a day for a Manhattan jury to convict former Glen Point Capital CEO Neil Phillips of… Read More »
Although there has been recent media commentary on the growing importance of corporates to FX businesses, a new survey commissioned… Read More »
With The Full FX View Lawyers for former HSBC head of FX cash trading Mark Johnson have filed a… Read More »
Last week’s column, not unexpectedly I suppose, elicited quite a bit of feedback and comment and it was interesting that… Read More »
Reading the ESMA review on pre-hedging a couple of thoughts came to me on two of my favourite subjects –… Read More »
With The Full FX View As with so many issues in foreign exchange, indeed in financial markets generally, the issue… Read More »
Although I don’t think the lack of buy side adoption of the FX Global Code is as serious as some… Read More »
There are, inevitably, legal niceties and technicalities involved that mean the outcome of the case remains unclear, however reading the… Read More »
A judicial opinion published by the Southern District Court of New York, which is hearing the class action brought against… Read More »
The US Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against HSBC Bank USA for manipulative and… Read More »
The Financial Markets Standards Board (FMSB) has welcomed DTCC Europe, a subsidiary of The Depository Trust & Clearing Corporation (DTCC),… Read More »
Jonathan Moulds has been named as the new CEO of the Financial Markets Standards Board (FMSB), replacing Mark Yallop, who… Read More »
I had some great conversations off the back of last week’s column regarding the Glen Point case and about option… Read More »
ACI – The Financial Markets Association has reinforced one of the core values of the organisation, conduct, by releasing the… Read More »
With The Full FX View The US Commodity Futures Trading Commission has levied a $6.8 million fine against Mizuho… Read More »
Over the past year, there have been several moves by various FX platforms to increase the level of transparency around… Read More »
The Central Bank of Kenya has published a foreign exchange code for commercial banks in the country, while based largely… Read More »
The Australian Securities and Investment Commission (ASIC) has released two reports looking at conduct risk in wholesale financial markets, including… Read More »
The Financial Markets Standards Board (FMSB) has signed a consultation agreement with the Australian Securities and Investments Commission (ASIC). The… Read More »
Apart from “stops at”, has there ever been a more persistent rumour in FX markets than those about a big… Read More »
ESMA may not work quickly, but it is persistent and thorough – and for that reason the FX industry needs… 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 Financial Markets Standards Board (FMSB) has released its final Statement of Good Practice (SGP) on trading platform disclosures across… 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 »
Very quietly, the FX Global Code turned five last week. I remember being in New York for a Profit &… Read More »
The FICC Markets Standards Board (FMSB) has added three new staff members to its secretariat, with the hires of Ted… Read More »
Just how much autonomy should a trader have? I ask this question having listened to the first episode of “The… Read More »
The European System of Central Banks (ESCB) has welcomed the July 2021 update to the FX Global Code and collectively… Read More »
Like many people, I was concerned when I first read the allegations – which it is important to stress, remain… Read More »
In an effort to build “safer” crypto markets, 17 exchanges, trading firms and industry associations have formed the Crypto Market… Read More »
Cryptocurrency exchange FTX US has selected Eventus Systems’ Validus platform to conduct trade surveillance and risk monitoring on its FTX… Read More »
