Perspectives on 2014: Simon Jones, Mako FX

Simon Jones at Citi
Simon Jones, Mako FX

After an extended break from the market last year, Simon Jones is back, but he has some bad news. Regulation, he warns, will ultimately push up trading costs for end clients and inhibit the ability of banks to develop new products. Formerly global head of electronic foreign exchange trading at Citi, Jones joined Mako FX as managing partner last September. 

The FX market might have escaped from some of the more punitive elements of post-crisis reforms, but with the advent of the Volcker rule and

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