Tag: Bundesbank

Bundesbank

Rationalising Buy Side Adoption of the FX Global Code

The changing nature of foreign exchange markets, not least the day-to-day participation of the buy side, offer a good rationale for why buy side firms should sign a Statement of Commitment to the FX Global Code, speakers argued at the recent Profit & Loss Frankfurt conference. Ahead of the Global Foreign Exchange Committee meeting in Tokyo […]

Hans Tietmeyer 1931-2016

Germany’s Bundesbank has announced the death of its former president Hans Tietmeyer, who headed the central bank in the run up to the launch of the euro.
Tietmeyer joined the Bundesbank at the start of 1990 after working in government – part of which saw him conduct negotiations on international monetary issues and global financial relations – died on December 27.
In the summer of 1991, he was appointed vice-president of the Bundesbank and in October 1993 he became president.

And Another Thing…

This week’s Bundesbank paper on HFT in bund and equity markets caused a stir – as anything on this subject does of course – and it highlights to me again, how FX is in front of other markets in being inclusive and functional. It is significant that while some regulators want FX to be equities-like in market structure, more are looking to an FX solution – the speed bump – to save equity market problems.
I am not sure we should be talking about speed bumps for the real issue is the dysfunctional liquidity stream.