Tag: Best Execution

Best Execution

In the FICC of It

On this week’s podcast Colin Lambert is joined by Xav Porterfield, head of research at New Change FX (NCFX), to discuss a new method of measuring execution quality – the unit cost of volatility (UCV). Porterfield explains how the measurement actually derives from a landmark market impact paper in the mid-1990s before the two delve […]

The True Cost of Trading

At Profit & Loss Dial-in Day Frankfurt, Colin Lambert, managing editor, spoke to David Mercer, CEO of LMAX Group about the true cost of trading in FX markets. In a lively conversation Mercer outlines guidelines for understanding the truecost of trading and along the way talks about the opportunity cost of hold times, the value […]

In the FICC of It

When Colin Lambert posted a column arguing that the events surrounding the April month-end FX Fix highlighted the need for reform – and then followed that up by asking if the industry needs to revisit the 2014 FX Benchmark Group’s recommendations – it ignited a firestorm of debate over both public and private channels. This […]

Best Execution

P&L Report Card If the Best FX Platform Award was not the most competitive in the 2020 Digital FX Awards, it is because competition in the execution space has become white hot. While some players may not have the time and perhaps the resources to develop their single dealer platforms fully, they have most certainly […]

And Another Thing…

A week and a half ago, during our In the FICC of It podcast, Galen Stops and I briefly touched upon a comment from a speaker at one of our events, that clients were looking at deploying an algo that deliberately lost money for the first 30 seconds. At the time we chatted away, as […]

And Finally…

I am writing this sitting in a US airport awaiting my flight home – that airport is JFK in New York and, thanks to a short delay, I cannot help but think that just a few years ago it was here that Mark Johnson was arrested and commenced a period of hell that few, if […]

Is It Time to Change the Credit Model in FX?

In a new video interview with Profit & Loss Rick Schonberg, global head of ForexClear product development at LCH, is unequivocal in expressing his view that the current credit model in the FX industry is due for a change. “The model definitely needs to change,” he says. “What’s interesting is that the BIS numbers —  […]

Greenwich Claims 25% Increase in FX Algo Trading

A new report from Greenwich Associates claims that the adoption of algos by FX market participants has increased by 25% year-on-year. “As FX market participants adopt sophisticated pre- and post-trade analytics enhanced by artificial intelligence and machine learning, the potential benefits of algo trading are becoming clear, and hedge funds and real money accounts are […]

NAB Survey Highlights Growing Internalisation at Fund Managers

As well as highlighting a greater focus on currency amongst managers, the NAB 2019 Superannuation FX Survey also highlights changing FX business structures at funds with a growing number taking more care over their execution policies. The survey confirms the 2017 survey’s finding that currency risk is an important consideration in their investment decisions in […]