Johnson Files New Appeal to Overturn Conviction
August 19, 2024
Former HSBC head of FX cash trading Mark Johnson has launched another appeal to overturn his 2017 conviction for wire… Read More »
Former HSBC head of FX cash trading Mark Johnson has launched another appeal to overturn his 2017 conviction for wire… 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 »
While it continues its work to build adherence, buy side adoption and reducing settlement risk, the Global Foreign Exchange Committee… Read More »
In the latest edition of the podcast, Steve Flanagan and Colin Lambert are joined by The Full FX’ contributing editor… Read More »
The Global FX Committee meets next week and one of the topics on the agenda will probably be pre-hedging, specifically… Read More »
Although still below the average of 2023, May’s month-end Fix provided more serious market impact for users of the five-minute… Read More »
The failure by former HSBC head of cash trading Mark Johnson to have his conviction vacated in the US effectively… Read More »
For large fixing orders, it benefits both the client and the dealer carrying out the transaction to hedge in the… 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 »
The Global Foreign Exchange Committee (GFXC) has published the results of its 2023 survey of the FX Global Code, including,… Read More »
The information released regarding the episode between Westpac and its client that led to the bank being fined for its… Read More »
Westpac has been fined just AUD 9.8 million for what an Australian court found to be “unconscionable conduct” in relation… Read More »
Investors whose funds use the five-minute WM window for the month-end FX fix missed out on potential savings of more… Read More »
With The Full FX View Lawyers for former HSBC head of FX cash trading Mark Johnson have filed a… Read More »
It is easy for me to tell that AI is starting to gain traction in financial markets from the number… 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 The issue of pre-hedging continues to split opinion in financial markets, and in its latest… Read More »
With The Full FX View As with so many issues in foreign exchange, indeed in financial markets generally, the issue… Read More »
Quieter FX markets translated into a relatively low market impact from hedging of flows before the London 4pm Fix with… Read More »
Market impact from hedging ahead of the monthly WM Fix was higher than recent months, with the potential savings from… Read More »
With The Full FX View The US Commodity Futures Trading Commission has levied a $6.8 million fine against Mizuho… Read More »
With peer-to-peer trading in FX seemingly attracting more attention than ever, it is an opportune time for Colin Lambert to… Read More »
It was a quieter than usual London 4pm month-end fix on October 31 in terms of market impact, with significantly… Read More »
It is of probably some relief to users of the WM London 4pm Benchmark Fix that after what was a… Read More »
ESMA may not work quickly, but it is persistent and thorough – and for that reason the FX industry needs… 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 »
The European Securities and Markets Authority (ESMA) has published a consultation paper looking at the issue of pre-hedging and while… Read More »
In the first edition for 2022, Jay Moore, co-founder and CEO of FX HedgePool, joins Colin Lambert to talk a… Read More »
The second cartoon in our occasional (and light-hearted) series, drawn by Madeleine Allcock, seeking to explain some of the controversial,… Read More »
When GFXC chair Guy Debelle stated clearly what many of us already thought – that the FX Global Code update… Read More »
The UK regulator, the Financial Conduct Authority (FCA) has formally recognised the updated FX Global Code and Global Precious Metals… 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 »
The Global Foreign Exchange Committee’s Three-Year Review of the FX Global Code more or less formally came to an end… Read More »
Price action around the London 4pm Fix grabbed traders’ attention again on 27 July as Cable saw a 60-point move… 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 »
The Global Foreign Exchange Committee (GFXC) says it has completed the latest three-year review of the FX Global Code, and… 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 »
Dear Colin We would like to make a few points in response to your recent post on pre-hedging and the Global Code.… Read More »
There is nothing like last look to get people fired up in the FX industry – as my mailbag for… Read More »
The Global Foreign Exchange Committee has released two draft “guidance papers” on pre-hedging and last look and is seeking feedback… Read More »
The FICC Markets Standards Board (FMSB) has published a final Standard for the execution of large trades in FICC markets… Read More »
The Australian Securities and Investments Commission (ASIC) says it has commenced proceedings against Westpac for insider trading, unconscionable conduct and… Read More »
For those of you that follow the English Premier League, I am a West Ham fan – a team that… Read More »
Having poked the hornet’s nest earlier in the week with a column and a feature on the WMR London 4pm… Read More »
It has cost banks billions of dollars in fines, dozens of people their jobs and remains the subject of ongoing… Read More »
To kick off the Currency Matters podcast series, Colin Lambert is joined by Guy Debelle, chair of the Global Foreign… Read More »
