And Finally…

In a strange quirk of timing, just a day after I published my thoughts on the need for traders to escalate issues, we got news of a whistleblower being awarded $50 million, purportedly for revealing details of how a bank harmed customers. In Thursday’s column I argued that the trader who last week told a […]
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In the FICC of It

In this week’s podcast, P&L managing editor Colin Lambert takes a look at the week’s news, including a brief look at the month-end Fix and the “Friday phenomena” in liquidity, leading him to describe the overall experience as “not a good look for the market – although he does also ask the question, “has much […]
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And Another Thing…

If everything stacks up, something happened on Monday that highlights just how much more work the FX industry has remaining to not only get people to understand the FX Global Code’s requirements, but also to adhere with it. Bloomberg News issued a report which basically stated that someone in Asia had triggered an option barrier […]
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And Finally…

I know I should leave it but I can’t resist – is it only me that sees the irony in a bunch of managers driving home a class action lawsuit over alleged manipulation just one day before we had a great example of how things may actually be worse than they were before? The April […]
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In the FICC of It

This week’s podcast is all about performance – following the third of Profit & Loss’ spring Dial-in-Days, editor-in-chief Julie Ros joins Colin Lambert to discuss some of the themes coming out of the events, starting with hedge fund and CTA performance in the recent market upheaval. Ros dives into the suggestion by panellists in New […]
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And Another Thing…

Earlier this month, Virtu Financial announced it was rolling out a data analytics service, it was one of several initiatives launched by the firm since the acquisition of ITG and is yet another example of how the non-bank market making segment is seeking to evolve and, as a result of that evolution, move closer to […]
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And Finally…

This is the 1000th column I have written about (mainly) our industry (no, I am not sure I can believe it either!), and if it wasn’t going to be last look then what is a more appropriate subject that something I have been looking at for more than a decade – yes, we are back […]
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In the FICC of It

Two guests for the price of one on this week’s podcast as Colin Lambert is joined by Keiren Harris, co-founder of Data Compliance LLC to discuss the recent first quarter results, and the future of, the inter-dealer broking industry. Lambert sees some interesting observations in the reports regarding how people are trading, while Harris discusses […]
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And Another Thing…

We will take a quick break from the Fix – even though the debate continues apace – to look at something else that got my attention over the past week, something from our Frankfurt Dial-in-Day last week. I have always advocated for the FX industry to have leadership, preferably consensus-led, that allows it to engage […]
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And Finally…

The conversation around the Fix continues apace, which is great; only by having these debates do we better understand what does, or does not, need changing, and also what good, and bad, ideas there are out there. Over the last few days I have had plenty of contact from managers in the asset management world […]
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