Structure In Currency Markets

Investors with international exposure seem to be divided between two camps. Two conversations with clients yesterday highlighted the polarity perfectly. The first client, representative of the vast majority of institutional assets, believed currency markets are random...

You Need to Check The Forward Points Too!

If you are doing a form of Transaction Cost Analysis that ignores the forward markets then you aren’t actually doing complete TCA. We find that excess spread taken in forward markets is significantly higher in many cases than spot spread and needs to be part of...

How much is too much?

We’ve been speaking to quite a few pension funds recently and there is evidently a great deal of confusion surrounding Foreign Exchange cost measurement.  We provide cost measurement on a per-trade basis, irrespective of the presence or absence of time-stamps,...