The Last Look…
December 9, 2025
What is it with FX costs that’s so hard to get? For a third of asset managers, the costs of… Read More »
What is it with FX costs that’s so hard to get? For a third of asset managers, the costs of… 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 »
Monogamy is costly, at least when it comes to FX derivatives markets – that is the conclusion of a working… 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 »
Execution costs from using a shorter fixing window rose at the end of what was a busy month in FX… Read More »
Fund managers and corporates are responding to the increase in FX volatility thanks to rising geopolitical tensions, by increasing their… 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 »
Although the January month-end Fix showed similar market impact to recent months, there might be some concerns that the world’s… Read More »
By historical standards it was a very quiet month end FX 4pm Fix, with the potential savings from calculating over… Read More »
Let us return, friends, to an old favourite – the 4pm Fix – for this week there have been two… Read More »
HSBC has rolled out two new products in its FX business, one a new floating order type, the other a… Read More »
It was a mixed bag of outcomes at the February month-end FX benchmark fix, with six of the regular currencies… Read More »
Market impact at the month-end FX fix was significantly lower than the average, indeed the potential savings from using the… Read More »
Analysis of the 12 month-end fixes in 2023 suggests that market impact was slightly reduced from the 12 months previously,… Read More »
2023 closed out on a nasty note for users of the WM five-minute benchmark fix with the last two months… Read More »
The pattern of lower market impact at the month-end FX fix continued in October, with potential savings from using the… Read More »
Longer windows to calculate month-end fixes continue to offer substantial potential savings thus far in 2023, however they remain below… Read More »
Market impact from hedging ahead of the monthly WM Fix was higher than recent months, with the potential savings from… Read More »
An occasional question over the data published by The Full FX for every month-end Fix is that the overall savings… Read More »
It’s December, a month of goodwill, which means of course, I am about to take aim at someone – and… Read More »
The latest month-end FX benchmark fix to be analysed by The Full FX was, frankly, a bit of a bloodbath… Read More »
