There is much for listeners to enjoy in this week’s podcast as Colin Lambert tries to sound intelligent on credit, clearing and crypto, three subject with which he has the loosest connection. Luckily Galen Stops is on hand to provide the voice of reason as our two podcasters discuss how prime brokers and their preferred target customers are poles apart on what the PB service should look like. The potential for big change is there, says Stops, but what, if anything, is going to trigger it?
This week’s podcast also looks at a new ETF launched in the crypto space, which, Stops explains, seeks to provide investor access to “digital assets”. Putting aside Lambert’s inevitable cynicism – “is ‘digital assets’ just another phrase for cryptocurrencies?” – the development is an interesting one, for as he asks, ‘does this make the technology underpinning the crypto world the asset in question?’
Luckily for him and sadly for listeners, Lambert not only gets to relate a story about a very strange FX market survey, but he gets to sound off about how the FX market is radically different from even 15-20 years ago, and of course he has a theory about why that is. He also gets to re-live his childhood thanks to Stops asking him, “If you were trading now, what would you do with Cable?”
Click below to read more about the stories highlighted in this week’s podcast: