Raidne

01/07/2020

Once again the 4 pm fix proved an expensive way of hedging FX portfolios as
evident at yesterdays Quarter/Half end.
Any funds that hedged USDJPY at the FIX yesterday would have saved
$1,178 per $M executed had they traded using the SIREN benchmark.

Here are the savings achievable on 30th June 2020 for other main CCY pairings, all per $M traded.
EURUSD $358
AUDUSD. $228
GBPUSD. $65

The trading pattern in the USDJPY showed that it traded at the start of the fixing window at 107.73
spiked to 107.93 at the close and then retraced straight away.
Speculators +20 Pension Funds -20

18/06/2020

Analysts note that exchange rates have become detached from the usual drivers

13/06/2020

Is this the future?

LMAX Group has launched Weekend FX a service to allow clients to trade during those hours in which the FX market is closed, from 17:05 EST on Friday to 17:00 EST Sunday. The service will be available through LMAX Global, the group’s UK-regulated broker and will support cash-settled CFD (contracts ...

07/06/2020

Low-interest rate cycle, dividend reduction and suspension, now is the time to review
the cost-effectivity of all of the processes associated with the day to day at Asset and Fund
managers.
"Switch to Siren"
www.raidne.com

Anne Richards says asset managers unable to provide enough cash to keep businesses afloat

10/05/2020

Colin Lambert from P+L discusses the problems associated with the 4 pm FX FIX with our very own Dr Jamie Walton.

When Colin Lambert posted a column arguing that the events surrounding the April month-end FX Fix highlighted the need for reform – and then followed that up by asking if the industry needs to revisit the 2014 FX Benchmark Group’s recommendations – it ignited a firestorm of debate over both pu...

08/05/2020

Available from May 9th, a podcast by Profit & Loss featuring Colin Lambert and Dr Jamie Walton discuss the current anomalies and behaviour in the FX trading market, especially around the 4 pm FIX.
Will be available from all Raidne social media portals tomorrow..

01/05/2020

The system is broke, it needs fixing...

01/05/2020

Profit and Loss highlight the problem with the 4 pm FX FIX
Raidne provide the solution
"Switch to Siren"

Albert Einstein is often alleged to have said, “The definition of insanity is doing the same thing over and over again and expecting different results.” I say allegedly, because it is claimed in many circles that he never actually uttered, or wrote, those words. No matter, for this column is abo...

28/04/2020

More FX volatility will increase costs and fees to Asset owners and Corporates managing
multi-currency equity and asset portfolios.

Short bets rise to highest level of 2020 over Brexit and Covid-19 concerns

16/04/2020

Time to switch to SIREN?

The legacy fx fixings normally cost around 60 USD per $M traded at 4 pm compared with
SIREN, this has spiked to hundreds and in some cases thousands of dollars per million
executed at the fix.

www.raidne.com

Extra volatility increases costs, say experts, and could suggest market manipulation