I have long been a sceptic over the market
share model in FX, to me the question should always be about the quality of
business, not the quantity, but that is not to say that a reasonable share of
This really is a tricky time for the
foreign exchange industry. The chat room scandal has truly opened a can of
worms and it seems there is rarely a month that goes past without yet another
case of unfair dismissal ...
Any group’s reputation is dependent upon
its weakest link and as such the foreign exchange industry could be treading on
thin ice thanks to the apparent actions of one such “weak link”.
Sadly, we are back on the subject ...
One line in the
midweek column tweaked some interest among the readership, my mention of the
“juniorisation” of the sales role in the banking world.
I must confess I
hadn’t thought about it too much, it has very much ...
Today’s release of
Virtu’s financials, as well as the deal it has signed with JP Morgan, probably
make this the appropriate time to share my thoughts on the non-bank market
making sector in general, in particular the value ...
Strap yourselves in –
this one is a little controversial. Regular readers know I like a good FX
industry survey, the semi-annual FX turnover reports, for example, bring out
the anorak in me and I spend hours poring over the electronic ...
Trying to decipher platform performance
during last month’s UK-inspired mayhem is almost as difficult as keeping track
with the latest shenanigans in UK politics following the vote to leave the EU –
but I’ve had a go and there ...
It is hard to ignore
the sense that – to use a technical expression – the banks are properly
stuffing up their approach to the FX business due to a panicky and knee jerk
over-reaction to events that took place years ago ...
With the dust having
settled somewhat following the UK’s historical referendum decision to leave the
European Union, there are some clear winners and – unfortunately – some losers
emerging in the aftermath.
It should be noted
that this list is by ...
Do risk managers need
to fundamentally re-think their approach to markets? Specifically, are they
paying enough attention to liquidity risk, assuming, of course, that there is
even a way to accurately and dynamically determine this risk in markets?
I ask ...