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.
Andreas Gaertner, Trader at Traton
In recent months, everyone has had the experience of being on a virtual group call. Conversation is punctured by awkward silences, followed by two or more people trying to talk at once, as technology still doesn’t fully compensate for in-person interaction. In this podcast episode, Andreas Gaertner, a trader at Traton, talks about how his firm has had to adapt to new communication channels, in order to ensure efficient FX execution. He also explains that while the FX market itself is already highly digital, the Covid-19 pandemic has forced firms to make more of the process around trading more digital, a trend that he expects to continue in the future.
James O’Connor, Senior Manager, FX Division, Bank of England
The FX Global Code of Conduct has been a big industry-wide initiative in recent years, but when volatility exploded back into life earlier this year, did it really make a difference? In this podcast episode James O’Connor from the Bank of England talks about putting the Code to work and using it to generate greater communication between counterparties. He also discusses how recent events have served to highlight the changing nature of liquidity within the FX market and the implications of the trend towards increased algo usage amongst buy side firms.
Jasper Livingsmith, Director, Treasury at the European Bank for Reconstruction and Development
In this podcast Livingsmith highlights that FX Swaps are the core funding instrument for most financial institutions – and therefore are critical within financial markets – but that even now pricing for these often remains significantly wider than normal. He also ruminates on the need for greater automation and end-to-end processing, improved communication and a means to effectively measure output within firms.
Alex Clark, Senior Execution Trader at Aspect Capital
Alex Clark talks to 360T about the liquidity issues caused by the sudden combination of market volatility and people working from home. However, he says that despite stressed liquidity conditions FX algorithms have performed well, enabling the trading team to focus their attention on the most challenging markets, such as EM currencies, options and NDFs. Explaining that enhanced execution tools are in high demand amongst buy side firms right now, Clark discusses how algos have needed to adapt to changing market conditions in recent weeks.
JB Mackenzie, Managing Director, Futures & Forex, TD Ameritrade
If you could go back in time six months before the pandemic, what advice would you give yourself? This is one of the questions put to JB Mackenzie, Managing Director, Futures and Forex at TD Ameritrade, in this podcast episode. He also talks about the impact of recent central bank stimulus, trading in 24 hour markets and how technology has made life better for investors.
Bhav Trivedi, FX and FI Dealer at Merian Global Investors
In this lively discussion Bhav Trivedi talks to 360T about the technical challenges associated with trading in an isolated environment. He also points out how the recent FX volatility tested banks’ re-pricing and auto-hedging capabilities, and why an increased reliance on technology has not diminished the big importance of relationships in the industry.
Nigell Todd, Director Global Foreign Exchange at Fidelity International
Nigell Todd, Global Head of FX at Fidelity International, talks to 360T about some of his positive takeaways from the recent experiences adapting to the Coronavirus pandemic, suggesting that it could lead to a more compassion in the workplace. Todd also says that it is “naïve” to think there will be no longer-term implications of the pandemic for businesses, recalls some “bleak days” trading as volatility in the FX market spiked and, most importantly, reveals where his first holiday destination will be once travel restrictions can be safely eased.
Juan Landazabal, Global Head of Trading at GAM Investments
In this podcast episode Juan Landazabal from GAM Investments runs through some of the key factors that had to be considered as trading activity moved out of the office and into people’s homes. Having now adjusted to this initial wave of change, he also highlights some of the longer-term challenges – and opportunities – associated with a more decentralised working and trading environment.
Jim Rockall, Director of Trading at Record Currency Management
In the inaugural episode of “Business as Un-Usual” Jim Rockall from Record Currency Management explains how the fallout from the Covid-19 pandemic has forced his firm to reconsider its compliance and technology boundaries and adapt to new communication challenges. In addition, he discusses life working from home, revealing that one member of his team currently has to contend with a rather unusual noisy neighbour!