This week’s In the FICC of it Colin Lambert and Galen Stops discuss the implications of an FX market where intermediaries are sometimes more profitable than the risk-taking firms that are using their services, and the former – for once – is unsure who to blame for this state of affairs.

Elsewhere, a new report claims that the FX Global Code is already leading to greater transparency and improved behaviour in the FX market, but Lambert isn’t buying this explanation, and Stops recounts comments from a recent interview with the FinTech firm, Cobalt, and asks: is the #blockchain fad over in FX?

The pair also explain that while, yes, hedge fund fees are in general still coming under downwards pressure, if you scratch beneath the surface there is evidence that investors are still willing to pay for alpha, they’ve just become savvier about analysing exactly what this constitutes.

And finally, Lambert and Stops have a go at predicting the non-farm payroll figures for the month and both go well wide of the consensus – but in different directions!

For more information on the stories referenced this week:

NEX Markets Report Sees Improved FX Market Behaviour

Up and Running

Show Me the Money

 
 
 
This week's In the FICC of it Colin Lambert and Galen Stops discuss the implications of an FX market where intermediaries are sometimes more profitable than the risk-taking firms that are using their services, and the former - for once - is unsure who to blame for this state of affairs. Elsewhere, a new report claims that the FX Global Code is already leading to greater transparency and improved behaviour in the FX market, but Lambert isn't buying this explanation, and Stops recounts comments from a recent interview with the FinTech firm, Cobalt, and asks: is the #blockchain fad over in FX? The pair also explain that while, yes, hedge fund fees are in general still coming under downwards pressure, if you scratch beneath the surface there is evidence that investors are still willing to pay for alpha, they've just become savvier about analysing exactly what this constitutes.

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Galen Stops

Galen Stops