When Colin Lambert posted a column arguing that the events surrounding the April month-end FX Fix highlighted the need for reform – and then followed that up by asking if the industry needs to revisit the 2014 FX Benchmark Group’s recommendations – it ignited a firestorm of debate over both public and private channels. This […]
Albert Einstein is often alleged to have said, “The definition of insanity is doing the same thing over and over again and expecting different results.” I say allegedly, because it is claimed in many circles that he never actually uttered, or wrote, those words. No matter, for this column is about the Einsteins in the […]
We should not be blind-sided by the relative calm at this week’s quarter end WM Fix, the fact is FX market conditions are as bad as I can remember them in my almost 43 years in the industry – and that includes countless multi-big figure days (or hours sometimes). The difference when those conditions hit […]
