Tag: Last Look

Last Look

In the FICC of It

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 […]

Investment Association Calls for Standardised FX Rejects

The UK’s Investment Association (IA) has proposed new standardised categories to simplify the processing of rejected FX trades in a bid to bring greater consistency to the market and improve outcomes for investors. Under the proposals, when a request by an investment manager to trade is not executed, the execution providers – brokers, dealers and […]

In the FICC of It

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 […]

GFXC Issues Report into Anonymous Trading

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 […]

Australian Regulator Seeks Improvement in Banks’ FX Businesses

The Australian Securities and Investment Commission (ASIC) has published a review of its investigation into practices in the wholesale FX market and says that while it has identified conduct and process improvements in banks’ FX businesses, there remain a number of areas in need of further improvement. Specifically, ASIC says that more can be done […]

In the FICC of It

This week’s podcast starts with a bombshell that leaves Galen Stops reeling and lost for words before he and Colin Lambert get into the details with a look at the results of the first day of the Global FX Committee’s deliberations this week. Lambert highlights one of two challenges he believes the committee face, not […]

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 […]

In the FICC of It

In this week’s podcast Colin Lambert comes out swinging from the start as Galen Stops reports on a sharp divide between panellists at Profit & Loss’ Copenhagen conference over the future of FX volatility. Typically Lambert gives short shrift to one side of the argument as he channels his inner Star Trek (of which he […]