I am writing this from hotel quarantine as I have finally, at the sixth attempt, made it back to Australia after more than six months stranded abroad. All of which means this column will go one of two ways; happy-clappy or a purging of anger and frustration. I think I know my readership well enough, […]
Does a magic genie do the work of developing the next generation? No, it’s people like you and me and I think it is about time that the industry – and especially the major institutions and other employers – recognise that. Because without the volunteer network – people willing to give up their time to help develop the next generation of industry participants – FX loses its community spirit and that surely has to lead to greater regulation – something few, if any, of us want.
There are many reasons given for the perceived decline in liquidity conditions in FX markets in recent years and all do play a role according to a new white paper published by the BIS. But have liquidity conditions changed that much? Hasn’t it always been the case that when events happen markets gap and thin out?
If I am correct in this assessment then the real problem facing the FX industry is not deteriorating conditions – it’s a sense of entitlement.
One line in the midweek column tweaked some interest among the readership, my mention of the “juniorisation” of the sales role in the banking world. I must confess I hadn’t thought about it too much, it has very much been a natural evolution as incumbents exit the industry and, more pertinently perhaps, the customer demographic […]