Tag: execution

execution

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 […]

And Another Thing…

Well, Monday’s column (that, to confuse everyone, went out last Thursday such was my race to publish), certainly poked the hornets’ nest. It’s been a while since I have been involved in such a spirited debate over something and I suppose it was inevitable if it wasn’t last look then it was, after more than […]

In the FICC of It

The is one subject on the agenda for this week’s podcast – the return of volatility to FX markets. Joining P&L’s managing editor Colin Lambert to discuss the issue are David Mercer, CEO of LMAX Group, and Joel Kruger, currency strategist at LMAX Exchange. After Kruger provides his view of current conditions in, and drivers […]

Sumitomo Picks Kx for e-FX Platform

Kx, a division of First Derivatives, has been selected by Sumitomo Mitsui Banking Corporation (SMBC) to build and manage its next generation e-FX platform. Under a multi-year agreement, Kx will provide SMBC and its clients with a solution that delivers electronic execution, distribution capabilities, algorithmic trading and risk management supported by real-time pre– and post-trade […]

And Another Thing…

Today’s column is dedicated to the Swiss National Bank for its ineptness five years ago yesterday, which changed the foreign exchange industry forever and gave this column literally months worth of ammunition. The SNB is a signatory to the FX Global Code, so given the guidance on disruptive actions, I wonder how it would handle […]

And Another Thing…

The second – and penultimate – Irrational of 2019 is the Event of the Year and obviously this had to be held back to ensure that the Great British public did not don their subversive hats again and surprise at last week’s election. They did not to any great degree (although I don’t recall a […]

In the FICC of It

There is plenty for Colin Lambert and Galen Stops to get their teeth into this week as the BIS released a series of papers studying the data in the Triennial FX Turnover Survey. From working out who the mysterious “others” were in the survey, through some initially confusing execution data, to a signalling of the […]

GFXC to Add Algo Guidance to FX Global Code

The Global Foreign Exchange Committee (GFXC) at its meeting in Sydney this week established five areas of focus for its work to maintain the FX Global Code, with algo execution and transaction cost analysis (TCA) being added to the existing workstreams around buy side outreach, disclosures, anonymous trading and execution principles. According to GFXC chair […]

And Finally…

This week sees the Global FX Committee meet in Sydney for a meeting that is largely going to focus on the subject matter for the first three-year review of the FX Global Code. I will be very surprised if the key themes for the review are not buy side engagement, disclosures, anonymous trading and certain […]

And Another Thing…

With a “Happy Thanksgiving” to our US readers, let’s keep this short, sweet and cautionary. There are currently a remarkable number of M&A deals going through with deals worth $70 billion announced on Monday alone. Several of them are cross-border and are likely, therefore, to involve at least a degree of FX activity – some […]