And Finally…

If you want an example of how some in this industry, and the media, are reactionary, stuck in (literally) a different decade and prefer to cast blame than accept some responsibility – look no further than this week’s quarter end Fix. I have raised the subject a few times over the past week and quite […]
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In the FICC of It

It’s an all Profit & Loss affair for this week’s podcast as Colin Lambert is joined by P&L’s editor-in-chief Julie Ros to run through a long agenda in these “interesting” times. This being the podcast Lambert can’t resist a little cynicism to kick off as he “praises” some market analysts’ abilities, but Ros easily pulls […]
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And Another Thing…

As I am making predictions this week, and for once it seems to have gone OK (still time, I know), let’s maintain the momentum. When the world comes out of this crisis, financial markets will look different, but very familiar to some. I was talking to a friend who runs a fintech business in our […]
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And Finally…

I’ll make this quick – it’s my birthday. Something that previous crises have had in common with the current pandemic-driven meltdown (and I am in no way minimising what is easily the most serious threat to the global financial system in some time), is that at the end of it people look back and see […]
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In the FICC of It

There is one theme for the podcast this week – the FX market’s ongoing challenges in the current volatile environment. Joining Colin Lambert, managing editor of Profit & Loss is Rob Loft, founder and CEO of performance consultants Harvey Loft, to talk through the issues, starting with a perspective of how markets have handled the […]
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And Another Thing…

I occasionally get the odd bit of grief from those who disagree with my views, no more so than when I criticise the shift towards an equities market model. Criticism has never bothered me, someone much smarter and more successful than me once told me she preferred to talk to people who disagreed with her […]
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And Finally…

There’s nothing like a crisis to bring out the best and worst in people and the Covid-19 calamity is right up there with the best of them. Overall though, in terms of markets, I am not that surprised by how things have gone, indeed I am a little bemused at the amount of people who […]
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And Another Thing…

As we reported at the start of this week, Citi formally confirmed what most of us knew, that it was cutting the number of connections to its FX business. I see this as the start of a process, however – nowhere near the end – one that also reflects what is likely to be a […]
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And Another Thing…

I mentioned in a recent column the increasing noise around fragmentation in equity markets, specifically end user frustration and unhappiness with it, but it is noticeable to me that the same discussion is gaining more volume in FX. Now I need to stress that this is not me (for about the 10th time) predicting consolidation […]
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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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