And Another Thing…

I have often thought that the FX trader dismissals, indeed the entire chatroom related scandal in FX, would make a great case study for business management schools. Over the years I have argued there have been weak, misguided, vindictive, panicky and ill-informed decisions made at management level across a range of organisations that has resulted […]
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The Libra Hearings, Part Deux

So today it was the turn of the US House Committee on Financial Services putting Facebook’s proposed cryptocurrency, libra, under the microscope, and it was a vast improvement on yesterday’s hearing in the Senate. If you haven’t read the key takeaways from that hearing, you can find them here. Full disclosure: I had to run […]
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Key Takeaways from Day One of the Libra Hearings

The US Senate Committee on Banking, Housing and Urban Affairs today held a hearing examining Facebook’s proposed cryptocurrency, libra, and I almost filled up a whole notebook taking notes, which I’ll try and distill into something coherent now. It was fairly compelling, although frequently frustrating and sometimes amusing, stuff. Firstly, it’s worth noting that the […]
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And Finally…

This column may come across as irritable, confused or just an incoherent babble – but all I can say is that the nation you love only wins the world championship in a sport you love for the first time once, but unfortunately I had to sit up until 5am to actually see it (and actually […]
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And Another Thing…

Probably the big news in markets this week was the swingeing cuts at Deutsche Bank and while I cannot see this through anything other than a prism of regulation – specifically the courage of some regulators to take action while other put their head in the sand and hope it goes away – I wonder […]
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And Finally…

Are we undergoing a sea change in the FX trading landscape? I suspect we are but the direction in which change is heading will be familiar to those of a certain generation. Over the past few months I have had many conversations with FX traders about market conditions and while there is a fair bit […]
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And Another Thing…

Spoofing is a strange thing; some could argue it is part of a best execution policy when trying to fill a very large order, others that it is criminal activity, and both would have valid points – but is it fraud? I have no wish to get into the legal technicalities, especially around US law, […]
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And Finally…

Two laudatory columns in a week – I must be going soft… The best thing about writing a column is that, within reason, I get to set the agenda, therefore I am choosing today, July 1, to mark 20 years of Profit & Loss. Obviously the company was formed beforehand and the actual articles that populated […]
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Analysing oneZero’s New Investment

A decade after launching, oneZero secured new outside investment this week. Galen Stops takes a look at the logic behind this deal for all the parties involved. Earlier this week, Lovell Minnick Partners (LMP), a private equity firm focused on investments in the global financial services industry, completed a minority investment in oneZero Financial Systems. […]
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And Another Thing…

I see this week’s announcement that the UK’s Financial Conduct Authority (FCA) is to recognise the FX Global Code as a positive for the industry, not only because it may drag a few asset managers wary of their relationship with the UK regulator to the adherence table, but also because it highlights how a set […]
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