And Finally…

Something that has bemused me a little over the past couple of years is platforms’ desire to throw plenty of resources at the NDF market – it ranks up there in mystification levels with why the authorities insisted on mandatory clearing for such a relatively low-key product. I am not quite sure why I think […]
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And Another Thing…

Because, if nothing else, this column is an information service, this will be brief and to the point – and, hopefully, informative. Are you wondering why we are seeing so many spoofing cases in the US? If you are then you’re probably thinking that the activity is out of control over there – and it […]
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And Finally…

This is a tricky one is some sense – it always is when you target a hugely respected institution – but I have to ask, why did the Bank of England decide to tag on a warning about FX markets to its report into the misuse of its video and audio feeds? Now it has […]
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And Finally…

There was a burst of correspondence following the news late last week that for EM FX trader Ashkay Aiyer had received a fine and a jail sentence for his role in what can generically be called the chat room scandal – some were questioning how his sanction sits against that for Mark Johnson, while others […]
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And Another Thing…

So you’re a software programmer, looking to make a few bucks in these trying times, and someone comes to you asking you to programme a trading strategy for them to use. No problem, get the specs, do the work, walk away with the money – or do you? We may, finally, have had closure in […]
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And Finally…

We should not be surprised by reports that banks in particular are “encouraging” trading and sales staff to return to the office – in spite of what looks like strange timing given the rise in COVID-19 cases in the Northern Hemisphere over the past few weeks, there is no getting away from the fact that […]
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And Another Thing…

I received quite a lot of feedback from the story we ran earlier this week about Goldman Sachs launching an FX swaps ‘axe’ GUI, and while the sample may be skewed by the type of people I talk to, who typically are in the ‘e’ business, it did seem to signify a growing sense in […]
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And Finally…

I am writing this from hotel quarantine as I have finally, at the sixth attempt, made it back to Australia after more than six months stranded abroad. All of which means this column will go one of two ways; happy-clappy or a purging of anger and frustration. I think I know my readership well enough, […]
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And Another Thing…

Someone recently challenged me on my assertion that the CLOB model is stagnant in the FX markets. I am glad they did as I love a good debate, but it became clear that either I had not been clear enough or my challenger had missed the point. I don’t think the CLOB model will disappear, […]
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In the FICC of It

This week’s podcast kicks off with Colin Lambert discussing some of the feedback he received over his comments in the week’s column over the re-papering of trades post the SNB debacle in 2015. He does not, of course, miss the opportunity to drive home his argument that algos should have mandatory price limits, along the […]
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