Day: 8 April 2020

Low Expectations for Agreement at OPEC-Plus Virtual Gathering

Members of the Organisation for Oil Exporting Countries (OPEC), along with Russia, Mexico and possibly Canada as well as Norway, are set to meet virtually Thursday to hash out an agreement to halt the months-long plunge in oil prices. Expectations are low, however, that a deal will be reached to ease a situation sparked by […]

In the FICC of It Special

For this podcast special, Colin Lambert is joined by Alan Schwarz, CEO of FXSpotStream for a fascinating look inside a business operating in stressful conditions. That FX markets are volatile and volumes are high is obvious to anyone but Schwarz is able to put some numbers on the issue – and they are quite staggering […]

ForexClear Hits Highs Amidst Raft of LCH Records

LCH’s ForexClear service has unsurprisingly reported a record quarter in Q1 as FX volumes more broadly sky-rocketed. The clearinghouse says the service cleared $5.4 trillion in notional, 25% higher than Q1 2019, of this $41.6$ was client notional, up more than four and a half times the same quarter in 2019. $162.1 billion in deliverable […]