A one year anniversary slipped by recently,
one that was perhaps overlooked in everyone’s rush to re-analyse the events of
January 15, 2015 (the analysis is easy people – the SNB still should have bid
1.15 and 1.10 in a few yards after pulling ...
There is a lot of talk at the moment about
the need for someone – it’s never specified who – to step up to host a utility
like service for one or more of the various needs of the foreign exchange
A few institutions find themselves with an
interesting dilemma in the current market environment, for years it has been
about market share and everything in the model was predicated to that end, but
the last 12-18 months has seen an ...
Earlier this week Profit & Loss reported on the
circulation of a first
draft of sections of the impending global code of conduct. The report
triggered a lot of enquiries as well as comments to your correspondent, but one
question seemed ...
I have been an interested observer of the
increasingly passionate debate around who is leading whom at the moment – the
markets or the central banks?
I have long been an advocate of the theory
that you can’t buck the ...
Today’s column is a little grumpy and
getting on its high horse.
I was surprised by some of the feedback to Monday’s
column, especially those who accused me of operating an “exchange agenda”.
Firstly it was no such ...
There is obviously
some serious upheaval in FX circles at the moment – the macro-economic outlook
remains uncertain (at best) and this is highlighting faults in the market
structure, which in turn is subject to review by the world’s authorities, ...
For those have belief in the legal system
of democratic countries like the UK there must have been an expectation that as
the aforementioned system heard and adjudicated on the various cases brought by
authorities and bankers, we would have ...
In a list of
statements you never expected to see in this column, “Confucius once said” is
probably pretty high up the table…but, anyway, Confucius once said, “Study the
past if you would divine the future”.
Why am I ...
Disruption is a favourite word for those in
technology circles and as always seems to be the case with the emergence of
buzzwords, very quickly it is being claimed by people who are doing very little
different to what went ...