An Overview
As a technology provider for the global foreign exchange market, 360T interacts daily with a wide spectrum of international financial institutions that contain a wealth of expertise, knowledge and insight regarding the world’s largest asset class. In our podcast series we look to tease out just a fragment of this information inviting our listeners to join an exchange amongst industry professionals with each episode.
…The episodes themselves consist of short, informal interviews with senior figures from market-leading firms within the FX industry, exploring some of the key trends and themes they see impacting the market today. Tracing the evolution of technology, liquidity, credit, data analytics, market structure, trading strategies and more, this podcast series offers a wide range of unique insights regarding how the FX market today is developing around us.
All Podcasts
Marc Chandler, Chief Market Strategist at Bannockburn Global Forex
Marc Chandler, Chief Market Strategist at Bannockburn Global Forex, breaks down some of the key themes and trends currently impacting the FX market. He discusses the fallout of the recent unwinding of the yen carry trade on corporations, explains why currency markets don’t always follow a pattern of cause-and-effect and argues that the US dollar will remain at the centre of financial markets – but not necessarily for the reasons that many people assume. Chandler also looks ahead to a potential rate cut by the US Federal Reserve Bank and a divisive presidential election, making the case that the dollar is set for a cyclical downturn.
Nathan Vurgest, Director of Trading at Record Financial Group
In this episode Nathan Vurgest, Director of Trading at Record Financial Group, talks in-depth about how data is changing and shaping FX trading desks. He outlines the challenges facing buy-side firms as they try to access and make sense of all the trade data which they generate internally, explains how traders are evolving to provide more value beyond just FX execution and highlights that this broadening role introduces new complexities around effectively measuring best execution.
Colin Lambert, Co-Founder of The Full FX
As is something of a tradition on the 360T podcast now, Colin Lambert, Co-Founder of The Full FX, joins as a guest to review the accuracy of his 2023 predictions and make a series of new ones for the year ahead. Lambert receives some gentle criticism for making “obvious” predictions last year, which perhaps prompted him to be more daring this year as his 2024 predictions encompass cybersecurity threats, why the shift to T+1 settlement might only be the tip of the iceberg, flash crashes in the FX market, a good year for discretionary trading, cryptocurrency adoptions and more! And although Lambert concedes he is in danger of becoming a reverse indicator with his infamous Trade of the Year, he nevertheless makes his pick for 2024.
Tobias Rank, Eurex and David Holcombe 360T about Exchange for Physical (EFP)
This episode features two experts, Tobias Rank from Eurex and David Holcombe from 360T, taking a deep dive into why more FX market participants are turning towards Exchange for Physical (EFP) products, and how the listed FX marketplace is likely to evolve in the future. The pair also tackle questions about how regulations are changing the economics of OTC trading, whether there is really a demand to support more listed FX trading and the potential shortcomings of OTC FX clearing.
Additional resources about EFPs:
FX EFPs – the best of two worlds
FX EFP tutorial – mechanics and use cases
Van Luu, Global Head of Solutions Strategy, Fixed Income and FX at Russell Investments
FX is a highly liquid market, with many different currencies to trade that are constantly moving against one another, so why don’t investors typically think about this asset class when building out their portfolios? In this episode Van Luu, Global Head of Solutions Strategy, Fixed Income and FX at Russell Investments, addresses this question and explains the important role that currency strategies can play in helping investors to diversify a multi-asset portfolio. In particular, he talks about how a currency strategy which leverages three factors — Carry, Value and Trend — can offer low (or even negative) correlation to traditional assets, providing a boost to multi-asset portfolios while generating little or no additional risk.
Dagmara Fijalkowski, Head of Global Fixed Income and Currencies at RBC Global Asset Management
The FX Global Code of Conduct has been a major and ongoing industry initiative since 2015, but it’s been well documented that buy-side adoption of the Code has lagged behind other segments of the marketplace. In this episode Dagmara Fijalkowski, head of global fixed income and currencies at RBC GAM, talks about why buy-side adoption of the Code has been slow thus far, what possible steps could be taken to accelerate it and how the Code has brought tangible benefits to both RBC GAM specifically, and the FX industry more broadly.
Adrian Lee, President and CIO of Adrian Lee & Partners
While the consequences of geopolitical events are felt in the currency markets first, in the long-term it is fundamentals that continue to drive this asset class, says Adrian Lee, the President and CIO of Adrian Lee & Partners, in this episode. He discusses emerging trends across both, as well as identifying the fault lines in the global economy where we might see the next big risk factors emerge from. Lee also discusses how and why investor attitudes towards currency management are changing, helps to get beyond some of the jargon surrounding these services and makes the case for active over passive currency management.
Saeed Amen, Co-Founder of Turnleaf Analytics
How is artificial intelligence (AI) likely to change the way that financial products, including FX, are traded? This is the key question addressed by Saeed Amen, co-founder of Turnleaf Analytics, in the wake of the recent hype around this technology sparked by new tools such as ChatGTP. Amen outlines some of his own experiments with AI chatbots, discusses the importance of having access to high quality data in order to train AI models and helps to parse through some of the terminology and misconceptions surrounding this technology. He also addresses how AI will change the role of the human trader, predicting that the curation of trading activity and then providing a narrative around this will become increasingly important.
Colin Lambert, Co-Founder of The Full FX
Colin Lambert, Co-Founder of the Full FX, joins 360T to review his 2022 predictions and is surprised to find that while he achieved mixed scores on the forecasts he claimed were “certain” to happen, his “wildcard” ones fared much better. Perhaps this is a sign of what an unpredictable year it was? Looking ahead, Lambert picks out the key themes which he thinks will define the FX industry in 2023 and once again makes a series of predictions for the year ahead. And finally, completely undaunted by the poor results of previous years, he once again announces his Trade of the Year.
Ivan Asensio, Head of FX Risk Advisory, Silicon Valley Bank
In our latest podcast episode Ivan Asensio from Silicon Valley Bank discusses two recent papers, which he co-authored looking at the impact of FX on firms looking to raise equity and those preparing for an IPO. The results of both, he argues, help to make the case that FX should be viewed as a strategic rather than operational concern within organisations. Asensio also talks about how the marketplace has shifted to “a new paradigm” where controlling costs has replaced growth as the primary focus, and claims that this makes effective FX management more important than ever.