FX Benchmarks. Everyone’s a loser baby.

FX is back in the headlines, but the issue is the same as ever. A bank, or rather the staff at a bank, stand accused of manipulating the FX markets to profit from an unsuspecting client’s FX need. Why did this situation arise, and how have things changed since...

Quo Usque Tandem Abutere, Oh WMR, Patientia Nostra

How long, oh WMR, will you keeping on trying our patience? Cicero’s opening line in his denunciation of Cataline may seem an odd way to comment on the arrest of an FX trader accused of wire fraud in the US. The subpoena asserts that a buy-side client received a raw...

Foreign Exchange Transparency In Difficult Times

  We’ve heard a great deal about liquidity in FX markets recently.  It’s vanishing at a rate of knots, according to some.  According to us, it was never really there.  It suits certain market participants to give the illusion of liquidity, but even using...

FX Week TCA Provider of the Year

We are delighted to have won the FX Week award for the Best TCA Provider. That makes it two years in a row that we’ve been honoured to receive an award from FX Week. So many thanks to them.  We believe that the keys to winning are:  Our independent data.  We are...