Tag: Pre-Hedging

Pre-Hedging

In the FICC of It

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 […]

The True Cost of Trading

At Profit & Loss Dial-in Day Frankfurt, Colin Lambert, managing editor, spoke to David Mercer, CEO of LMAX Group about the true cost of trading in FX markets. In a lively conversation Mercer outlines guidelines for understanding the truecost of trading and along the way talks about the opportunity cost of hold times, the value […]

And Another Thing…

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 […]

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 […]

P&L Talk Series with Raidne’s Jamie Walton

With increased interest in financial benchmarks generally, Colin Lambert talks to Jamie Walton, co-founder of Raidne, about Siren, a new FX benchmark that seeks to make things fairer for both buy and sell side. Colin Lambert: What is Siren? Jamie Walton: It’s an idea we had after a meeting with the Bank of England in […]

And Finally…

There is so much happening at the moment it’s hard to know where to start, so let’s kick off with the good, before moving to the cynical. First up, hearty congratulations to Martyn Mead, who left Barclays, and, I understand, the FX industry, last week after four decades, the majority of which he spent at […]

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 […]

ASIC Warns on Retail FX; Provides Observations on FX Global Code

In a speech delivered at an ACI Australia event in Sydney this week, Commissioner Cathie Armour of the Australian Securities and Investment Commission (ASIC) observed that the regulator “continues to respond to a high incidence of misconduct in the retail OTC derivatives sector and to see large sums of client losses”. In 2018 ASIC published […]

P&L Talk Series with Guy Debelle

As he assumes the reins of the Global FX Committee, Reserve Bank of Australia deputy governor Guy Debelle talks to Colin Lambert about the impact of the FX Global Code and the importance of maintaining momentum as the GFXC seeks to broaden its reach. Colin Lambert: We are now more than two years on from […]