Tag: FX relationships

FX relationships

And Finally…

We all know technology has changed the FX industry, but the reality of the modern foreign exchange market is that the underlying function is the same as it has always been – it just takes place, largely, on a different median. Over the past five years or more, however, there has been a much more fundamental and potentially serious change in the industry – the relationship dynamic is very different and continues to be under threat thanks to regulation and ridiculous attitudes.

And Finally…

I was going to discuss a paper released by the Bank of England late last week entitled A discrete choice model for large heterogeneous panels with interactive fixed effects with an application to the determinants of corporate bond issuance but not only was I asleep by the end of the title, I was also taught never to discuss things I don’t understand – and I don’t even understand what a “discrete choice” is!
Instead I want to continue last week’s theme of the relationships in FX, this time looking at the choices around the make up of aggregators.