And so, after a long and tortuous journey through December – at a time when the dollar has risen something like 5% in just a couple of weeks (and a lot of traders missed the move because they pulled stumps until January) – we come to the final Accolade of the year; my 2016 Person of the Year.
Last year I focused on the reform process because, undoubtedly and as turned out, 2016 was very much that type of year. This year, with a nod to the ongoing reform process around the impending launch of the ‘final’ Global Code of Conduct in May, I thought this award should very much reflect the business side of the industry – for the success, or otherwise, of FX will be driven by firms, both collectively and individually.
It is time for the final Irrational of 2017, my Person of the Year. Previous winners of this Accolade have been pretty easy to select, but 2017 was a little harder – because let’s be honest, when everyone is obsessed with MiFID II it’s going to be hard to stand out isn't it? Had someone managed to extract FX from this ridiculous regulation (in FX terms I should stress, because in the spirit of the season I don't give two stuffs about equities or fixed income) then they would have been a standout winner.