Month: December 2018

Early FX Reports Show Steady Volumes

The data from the first set of FX platforms to report volumes suggests that any changes in trading activity were fairly minimal in November.

Fastmatch reported an ADV of $20.3 billion for November, up slightly from the $19.2 billion that it reported in October and the $17.8 billion that it recorded in November 2017. After seeing volumes on its FX Tape increase by 12.1% in October, Fastmatch was able to sustain this volume in November with an average of $95.3 billion being reported to it each day.

The ADV on Cboe Hotspot was $34.6 billion in November, down 5.4% from the $36.6 billion recorded in October, but marginally up year-on-year from the $33.9 billion that it recorded in November 2017.

And Finally…

It’s December, which means the start of my personal awards season – of course what it really means is I can do the modern day equivalent of “fnshd 4 yr frds” (look it up teenagers) and cruise through December without having to give too much thought to original opinion!
Yes folks, it’s the 2018 version of The Irrationals – my favourite themes and stories for the year, presented with tongue very much in cheek, although occasionally lapsing into seriousness. I thought we could kick off with the “Disaster Averted Irrational”.

In the FICC of It

The band is back together again in this week’s podcast as Galen Stops returns from a short holiday to join Colin Lambert to discuss all things currency – this week (much to the relief of P&L’s audio engineers) with no interruptions from wildlife or pool attendants!
Listen is as they highlight growing concerns in the industry that it may be harder to spread the word about the FX Global Code than previously thought, thanks to the realities of life on buy side and vendor side. On the subject of transparency and ethics, Lambert is keen to talk about the new phenomena of “full amount” trading in FX markets and Stops expresses his feelings about the proposed Code of Conduct for cryptocurrency markets.
As always there is room for the random, so why does Lambert want a merger between the new digital assets association and the recently renamed Wholesale Markets Brokers Association? Listen in to find out.