Oranges, lemons and FX.

A good summary of the issues surrounding FX pricing, fixes, etc:

Carney – new mechanisms needed to re-build trust. We couldn’t agree more, and what better way to start than in independent rate to measure foreign exchange pricing? NCFX provides live, independent benchmark spot rates in 42 currencies. You (and your bank!) need an...

From Today’s Telegraph

Our estimate for the per-basis point cost to UK pensions of excess spread in FX:  

UK Asset Managers losing the GDP of Belgium?

We’re always looking for ways to identify what FX costs really mean to people as it often gets overlooked in the rough and tumble of transaction costs within asset management groups.  We speak to plenty of people who simply don’t see FX costs as being...