Trading like it’s 2008
We have already witnessed an alarming similarity between the fundamental backdrop in early 2008 and early 2011, including soaring food and energy prices, broad US dollar weakness and a hawkish European Central Bank.
For the second half of 2011, we see both good news and bad news. Unlike in 2008, G-4 policymakers (US, UK, the eurozone and Japan) have few levers left to stave off renewed recession. But we do not expect the global economy to tip back into recession – our base case is a ‘muddle
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JP Morgan: beating lower margins, flat volumes and the competition
Foresees collaboration with clients and technology providers on FX tech infrastructure, and working with regional players
FX market growing, but more risky – BIS review
Reduced reliance on PvP and heightened fragmentation threaten market resilience
BidFX eyes expansion in execution tools and algos
Buy-side focus on FX exposure will drive development
Call for clarity on last look rejections
Asset managers say holding periods “far in excess” of what is necessary for risk checks
Buy-side traders cannot be passive with algo execution
Traders need to be proactive and ensure in-depth monitoring throughout life of an order, panellists say
FXall bolsters frontier liquidity with new partnership
The alliance will extend liquidity to several currencies in Africa and Asia
