Liquidity Thins Out as Conditions Take Toll on FX Market

Conditions in FX markets are deteriorating steadily according to market sources as liquidity providers (LP) ration precious resources and battle widespread shut downs of offices. Spreads, which have been gradually widening over the past few days, have continued to do so Monday with dealers reporting top of book spreads on FX platforms anywhere from between […]
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FX The “Oasis of Relative Calm” in Markets as Analysts Ponder Next Moves

A series of coordinated central bank actions around the world has failed to stave off another collapse in equity markets with volatility spiking once again and several indices down more than 5% on the day. The Federal Reserve cut rates by 100bp on Sunday and promised further QE initiatives, it also suggested in its forward […]
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An Earnest President Trump Gets Serious

White House Watch discusses the latest moves by President Trump to combat the spread of Covid-19. [UPDATED 13:00]: President Trump, his breezy rally personality put aside, addressed the nation Wednesday night to lend gravity to the warnings that Americans must urgently prepare for the increasingly serious threat of the dangerous coronavirus, saying he is blocking […]
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Will CBDC Play a Role in Retail Payments, Settlements?

At the Future of Payments Forum hosted by the Bank of Japan (BoJ) in Tokyo last week, deputy governor, Masayoshi Amamiya, presented his views on Central Bank Digital Currencies (CBDCs) and the future of payment and settlement systems as they pertain to retail payment services. Recent private sector initiatives, including stablecoins, indicate customers’ need for […]
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Building Institutional Adoption of Crypto

Sponsored content Cryptocurrency performance continues to attract attention from institutions such as banks, hedge funds, asset managers and family offices. In fact, dedicated cryptocurrency funds returned more than 16 per cent in 2019, according to a survey from Eurekahedge, which contrasts with a traditional hedge fund strategy yield of 10.4 per cent, according to Hedge […]
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pressure

Under Pressure, Fed Apt to Continue Easing

Whatever one may think of the wisdom of the Federal Reserve’s March 3 interest rate cut, it has embarked on a preemptive easing of credit in response to economic threats posed by the corona virus and seems likely to remain on that course. Not only did the Fed’s policymaking Federal Open Market Committee cut the […]
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In the FICC of It

In this week’s new style podcast Colin Lambert casts his eye over some key news stories of the week and is joined by Jay Moore, founder and CEO of FX Hedgepool and Rob Loft, founder and CEO of Harvey Loft to discuss two in depth. Listeners will be surprised to hear that Lambert has some […]
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Follow the Money

Last year saw a number of investments in fintech firms offering FX technology. Galen Stops takes a look at the rationale behind this trend and examines the broader investment landscape. The more eagle-eyed Profit & Loss reader will have noticed that there was a distinct spate of investment deals involving FX-focused fintech firms in the […]
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GFXC Issues Report into Anonymous Trading

The Global Foreign Exchange Committee (GFXC) has released a report The Role of Disclosure and Transparency on Anonymous E-Trading Platforms alongside the results of its 2019 survey of attitudes towards the FX Global Code ahead of the impending three-year review. The anonymous trading report maps out and describes the current e-trading platform landscape, with a […]
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How Technology and Data Are Opening the Door to FX Automation

Sebastian Hofmann-Werther, Head of EMEA at 360T, explains how the barriers preventing greater automation for trading non-spot FX products are being overcome, and why buy-side firms could stand to benefit significantly as a result of this. We would argue that the benefits of automating FX trades are largely self-evident. After all, you only have to […]
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