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Paul Blank

New Bank consortium 'bank only' FX platform. Doomed to fail?

Recent press coverage (here) about top Global FX banks setting up a new ‘inter-bank’ only FX platform, dubbed “PureFX”. At first glance, this looks like a repeat of ‘doomed’ BrokerTec Consortium (set ...

13 Dec 2010
Steve Grob

Debunking the HFT myth

I came across an interesting paper the other day published by GETCO: A Modern Market Maker’s Perspective on the European Financial Markets Regulatory Agenda. The HFT community has come in for quite a...

13 Dec 2010
Retired Member

Its Banking Next

For several weeks now, I’ve watched in amazement as the Bombay Stock Exchange’s benchmark index traded at barely 10% off its highs of January 2008. While India may be an outperformer, that still does ...

07 Dec 2010
Innovation in Financial Services
Retired Member

In Defense of Financial Engineering

These days it's fashionable to beat up on financial engineers and financial innovation in general, and understandably so - this discipline has been at the epicenter of the crisis we are currently faci...

28 Nov 2010
Steve Grob

Brussels spouts!

It used to be okay when Brussels’ euro meddling was limited to the banalities of life, but the remarks attributed to Kay Swinburne (Conservative MEP for Wales) yesterday seem to show a dangerous misu...

26 Nov 2010
Retired Member

The Tyranny of Friction

My kids have the day off today, and they each invited a friend over to "hang out" (we dare not call it a "playdate" anymore). Eventually the question of lunch arose. The question ...

24 Nov 2010
Finance 2.0
Steve Grob

Who is going to consolidate all the consolidated tapes?

Couldn’t resist a smile this week when I read that NYSE Technologies will be producing a consolidated tape in 2011. This comes hot on the heels of a similar announcement from Thomson Reuters, stating...

23 Nov 2010
Paul Blank

FX Markets Lobby US Treasury to exempt FX from Dodd-Frank

The "Global FX Division" of AFME, SIFMA and ASIFMA (three global FX Trade bodies) have written to the US Treasury setting out clearly, why FX Swaps and Forwards should be exempt from Dodd F...

19 Nov 2010
Paul Blank

Most CDS trades may not be suitable for trading on a SEF

The Bank of International Settlements (BIS) today released data covering outstanding positions in the global OTC Derivatives markets. Outstanding OTC positions are down some 4% to $583 trillion, alth...

16 Nov 2010
Finance 2.0
Jennifer Hanes

OTC Derivatives Regulation Ready or Not

OTC Derivatives Regulation – Ready or Not? 8 things you need to worry about now With the passage this summer of sweeping regulatory reform in the US, there’s been a lot of discussion arou...

16 Nov 2010
Steve Grob

Aussie rules OK

The latest of our fragmentation forums landed in Sydney last week where around 150 industry executives got together to debate Australia’s future in the global fragmentation experiment. The event was w...

08 Nov 2010
Brett King

Is Facebook the next threat to the US Dollar?

According to current statistics, Facebook has more than 500 million ACTIVE users, 50% of whom use Facebook everyday, 200 million of these users interact via mobile daily, and around half of the Top s...

04 Nov 2010
Innovation in Financial Services