And Another Thing…

There has been quite a flutter around the Financial Times story this week about Citi cutting the number of FX platforms it supports; to me – and I’m sorry to blow my own trumpet here, having written about just such a move in a previous column – I was not at all surprised and think […]
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And Finally…

And so, Mark Johnson’s battle to have his conviction overturned moves onto the next chapter with a petition for either a re-hearing by the original appeal court panel or by the entire appeals circuit bench – and it is to be hoped that enough of the judges concerned see the absolute need for such a […]
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Markets Over-Estimating GBP Brexit Premium, Say Analysts

Markets might currently be overestimating the amount of Brexit premium left in sterling, argue senior analysts at UBS. “There’s not as much Brexit premium in sterling as people think,” says Arend Kapteyn, global head of economics and strategy at UBS. “A lot of the discussion I have with investors is along the lines of: ‘Sterling […]
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And Another Thing…

As always when I write something vaguely controversial I feel the need to follow up on last Thursday’s column – because some people either got the wrong end of the stick on what I was trying to say or I feel the even greater need to beat them down on their views of last look. […]
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And Finally…

This column is going to sound like it was written for a journal offering something to the left of Stalinism, but some things need to be said and asked. So let’s ask the question – is the UK’s Serious Fraud Office’s dropping of the Libor investigation yet another example of how senior managers are getting […]
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And Another Thing…

The Global FX Committee is to soon embark on its first three year review of the FX Global Code and this represents a great opportunity to clarify – and hopefully eradicate – what I still believe to be the biggest legal risk facing the FX industry. Whereas I think prudent tweaks to the Code and […]
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And Finally…

Thursday’s column elicited quick a bit of feedback – most of it, it has to said, suggesting that I had wasted my time writing it! The strong consensus out there is that the zero brokerage model will not work in foreign exchange. In my defence, I was actually asking the question rather than answering it […]
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FX: A Trading or Data Business?

At the recent Forex Network Chicago conference David Mercer, CEO of LMAX Exchange Group, was interviewed by Colin Lambert about the foreign exchange and crypto market landscapes. This is an edited and abridged version of that discussion. Colin Lambert: There is a view out there that FX is no longer a trading business, how do […]
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And Another Thing…

Those of you who trade with US stockbrokers may have noticed that over the past week trading via the major brokerages (with the exception of Fidelity) has become “free” as these firms eradicated brokerage from their business models. The impact on these firms’ share prices, ironically, was they were clobbered as a result of them […]
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