Market risk
As well as the obvious areas around liquidity and spreads, the pandemic appears, if the anecdotal evidence of many of my recent conversations is anything to go by, to have reignited discussion around what constitutes best execution? I’ll be honest and say that I thought this subject was as settled as is it ever going […]
So the wait is over for Mark Johnson, his family and friends, and the news is not good, as we reported last week. There is not a lot to say about this from his perspective, thankfully most, if not all, of us have no idea what it is like to be incarcerated, we can only […]
Following last week’s column I am obviously in the bad books of a small number of buy side firms and as such I intend, in true fashion, to dig myself in a little deeper today. There is a trend in the buy side, indeed business generally, that makes peer-to-peer matching on any reasonable scale even […]
The price action in Cable on Monday around the resignation of four government ministers in the UK was interesting and highlighted a nuance of the modern FX market structure. The pertinent question to be considered is: Do we want to have a generally stable market with fewer 200 point moves, but which has occasional flash events; or is it better to have a generally busier market, with more 200 point moves and little – or even no – flash events?
