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And Finally...

12:25 May 30th 2016 in Opinion, Profit & Loss

And Finally...

So we have the first stage of the global Code of Conduct in the public domain but as I witnessed on Thursday in New York, there is still a dangerous degree of complacency in the industry – and that represents a ...
And Another Thing...

00:54 May 26th 2016 in Opinion, Profit & Loss

And Another Thing...

They do say the media loves a crisis and I don’t suppose the financial media is any different, but I do feel that sometimes we lose perspective. Partly through poor predictions by analysts and partly because the media loves ...
No Joy Division for FX Banks as New Order Emerges For many years, people have predicted that a new breed of non-bank market maker was emerging in FX. And for as many years, many have predicted that as a result the banks would lose their dominance of the market. My ...
And Finally...

20:04 May 22nd 2016 in Opinion, Profit & Loss

And Finally...

With apologies for the enforced absence, this column is back – and I suspect it is back at the start of what could be an eye-opening week for the foreign exchange industry. In recent months I have quite vocal on one ...
And Finally...

04:20 May 8th 2016 in Opinion, Profit & Loss

And Finally...

The buzz around dark pool trading in FX continues and although actual data is impossible to acquire, anecdotally it seems BGC’s MidPoint service has gained the most traction and is leading the race. Everyone has their own idea of ...
And Finally...

02:21 May 2nd 2016 in Opinion, Profit & Loss

And Finally...

Liquidity has always been somewhat illusive in foreign exchange – the old definition being, “you can get as much done as you want when you’re wrong”. Generally speaking, if events happened in 1980, 90, 2000, 2010 or 2016, the outcome would generally be the same – ...
And Another Thing...

05:25 April 28th 2016 in Opinion, Profit & Loss

And Another Thing...

Following Monday’s column about the responsibility of intermediaries to police behaviour in FX markets – and whilst my sources say they don’t believe it to be the end game one has to applaud FastMatch’s new order type, which ...
And Finally...

04:59 April 25th 2016 in Opinion, Profit & Loss

And Finally...

Some months ago I suggested that some multi-dealer platforms and connectivity providers could take a more “responsible citizen” approach by helping to mediate in disputes between liquidity providers and consumers, especially over predatory trading. At the time the response was ...
And Finally...

07:53 April 18th 2016 in Opinion, Profit & Loss

And Finally...

As always seems to be the case, the wealth of material for these columns has been boosted by last week’s Forex Network conference, and I will seek to cover several themes over the coming weeks. For now though, a ...
And Another Thing...

20:34 April 6th 2016 in Opinion, Profit & Loss

And Another Thing...

There is a lot of hot air expelled around the benefits of transparency but we may have an interesting example this week of why it offers nothing but trouble for certain participants, many of whom are end users of the ...