In the FICC of It

The podcast lives up to its name this week with an in-depth look at conditions in fixed income, credit and FX markets as volatility spikes continue in markets generally. After a few observations on bitcoin’s failure to live up to its hype as a hedge in times of turmoil and conditions in the FX market […]
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And Finally…

In this column on February 10 I bemoaned the lack of risk takers in markets, noting that the surge in passive investing in equities markets meant that inevitably the market swings, especially during corrections, will be wild. The last week has kind of highlighted what I meant, it is to be hoped that CTAs and […]
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ISDA a Step Closer to Benchmark Fallbacks Definition

The International Swaps and Derivatives Association (ISDA) has published a statement summarising responses to a supplemental consultation on the spread and term adjustments that would apply to fallbacks for derivatives referencing euro Libor and Euribor. The statement follows a fourth consultation exercise over the issue that has vexed markets as regulators push for an end to the […]
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And Finally…

The “buy side” is a hydra – we use the phrase for convenience rather than accuracy – and indeed as more buy side firms face holding more risk and, possibly, seek to match with other firms, even this generic description may be out of date soon. So with the caveat that what I am about […]
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P&L Talk Series with Raidne’s Jamie Walton

With increased interest in financial benchmarks generally, Colin Lambert talks to Jamie Walton, co-founder of Raidne, about Siren, a new FX benchmark that seeks to make things fairer for both buy and sell side. Colin Lambert: What is Siren? Jamie Walton: It’s an idea we had after a meeting with the Bank of England in […]
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And Finally…

Before I get into today’s subject, some very tragic news for our industry last week as I understand that Steve Jennions, former FX trader at Citi, Morgan Stanley and Deutsche Bank to name just three firms, died last week. I only met Steve once to my memory, when he was at Morgan Stanley, but talk […]
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JP Morgan FX Survey Highlights Data Concerns

Although the availability of liquidity remains the biggest daily concern for market participants, according to JP Morgan’s annual e-trading survey, the results also suggest growing concerns about the availability of data and an increased focus on data services. The annual survey, now in its fourth year, invites institutional and professional traders to share their views […]
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Fidelity Expands Crypto Business into Europe

Fidelity Investments has announced it is establishing a new entity to serve European institutions investing in digital assets. Fidelity Digital Assets, Ltd. will offer access to enterprise-quality custody and trade execution services for digital assets to investors such as hedge funds, family offices and market intermediaries. This business builds upon the company’s 2018 launch of […]
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Siemens Gamesa Goes Green With FX Hedging

Siemens Gamesa Renewable Energy (SGRE) says that it has arranged ”sustainable” FX hedging  contracts, totalling €174 million, with BNP Paribas. These are the first FX hedging deals to be arranged under BNP Paribas’s new sustainable derivatives platform, which is linked to the United Nation’s (UN) Sustainable Development Goals (SDG). In a release announcing this news, SGRE […]
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Data: The New Cornerstone of FX Trading

Data is increasingly becoming the cornerstone of FX market participants’ business models, but what does this mean more broadly for the industry? This will be one of the key questions addressed on the panel session, “Learning to Thrive in Data Driven Markets” at the Profit & Loss Scandinavia conference taking place on October 10th in […]
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