GFXC
Colin Lambert flies solo on this week’s podcast, thanks to the sheer weight of news. So the agenda ticks quite a few “Lambert Boxes”, starting with his thoughts over the changing role of the Global Foreign Exchange Committee after this week’s virtual meeting, especially that group mentioning publicly, for the first time in a formal […]
How well have the principles of the FX Global Code stood up in face of recent volatility spikes? Panellists Rohan Churm, head of the FX division at the Bank of England; Neill Penney, vice chair of the Glboal FX Committee; Christian Schoeppe, managing director and founder of Schoeppe FX; and Martin Pluves, CEO of the […]
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 […]
If you want an example of how some in this industry, and the media, are reactionary, stuck in (literally) a different decade and prefer to cast blame than accept some responsibility – look no further than this week’s quarter end Fix. I have raised the subject a few times over the past week and quite […]
With increased focus on the impending quarter end WM Fix, the Global Foreign Exchange Committee has issued a statement reminding market participants of their responsibilities in what is likely to be a challenging market environment. In the statement the GFXC says given the intense volatility seen in global financial markets this month, it is possible […]
In this week’s podcast P&L’s managing editor Colin Lambert is joined by Guy Debelle, chair of the Global Foreign Exchange Committee, to discuss the recently released survey of attitudes towards the FX Global Code. From the latest on the debate around last look, pre-hedging and mark ups, to the effectiveness of the Code, the survey’s […]
The 2019 Global Foreign Exchange Committee (GFXC) survey of attitudes towards the FX Global Code finds that satisfaction with the document remains high and that adoption is growing. The latest survey had 354 respondents, up from 303 in 2018 and as with the previous survey the majority came from Asia Pacific with 44%, namely Singapore […]
There is a packed agenda for Galen Stops’ last In the FICC of It podcast as he and Colin Lambert discuss a busy week in FX markets – especially if you’re in the survey business! After Lambert salutes Refinitiv for its gesture in donating brokerage to the Australian bushfire relief effort and Martin Mead on […]
The Global Foreign Exchange Committee (GFXC) has released a report The Role of Disclosure and Transparency on Anonymous E-Trading Platforms alongside the results of its 2019 survey of attitudes towards the FX Global Code ahead of the impending three-year review. The anonymous trading report maps out and describes the current e-trading platform landscape, with a […]
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 […]
