Video

Playlist

Show less
10:20
Morning Call: Softer dollar boosts commodities, stocks
#SaxoStrats
21 September 2018 at 7:40 GMT
10:35
Morning Call: Markets stabilise as trade tensions ease
#SaxoStrats
20 September 2018 at 8:28 GMT
10:03
Morning Call: Chinese shares surge as trade war rages on
#SaxoStrats
19 September 2018 at 8:36 GMT
8:51
Today’s FX chart analysis - video
John J Hardy
18 September 2018 at 10:28 GMT
9:42
Morning Call: Trump hits China with tariff plan
#SaxoStrats
18 September 2018 at 7:29 GMT
2:45
The week ahead in macro
Kay Van-Petersen
17 September 2018 at 8:11 GMT
27:58
Macro Monday week 38: Keep Global Macro and Carry On
Kay Van-Petersen
17 September 2018 at 8:02 GMT
10:00
Morning Call: US yield curve lifts, boosting dollar
#SaxoStrats
17 September 2018 at 7:23 GMT
43:30
Technical analysis webinar – A view of the market: Larsson
Kim Cramer Larsson
12 September 2018 at 14:44 GMT
11:15
Morning Call: Chinese shares fall further
#SaxoStrats
11 September 2018 at 8:36 GMT
11:34
Morning Call: USD, SEK in focus
#SaxoStrats
10 September 2018 at 7:49 GMT
2:47
The week ahead in macro
Kay Van-Petersen
10 September 2018 at 7:37 GMT
14:02
Morning Call: Is Japan next?
#SaxoStrats
07 September 2018 at 7:35 GMT
Video / 13 June 2014 at 10:28 GMT

FX regulation and what every trader must know

Ken Veksler
We could soon see all FX being exchange traded; that's the view of Ken Veksler, the MD of Accumen Management.It follows a speech by Britain's Chancellor on Thursday where he announced there'd be tougher rules on currency rigging. Ken says the OTC market has essentially been relatively free of external interference up to now and it's an "easy target" to act against what he calls the "last bastion" of unregulated markets. 
On Thursday, George Osborne said the UK would introduce a new domestic criminal offence for market abuse, noting that Britain would opt out of European rules which he said "aren't sufficient for our needs." The UK already has strict penalties for anyone caught manipulating the Libor rates. Veksler says if exchange trading does happen, it will legitimise FX as a genuine asset class. However, he also has major concerns about the consequences.


5y
Ken Veksler Ken Veksler
Caught me on a bad day (angrier than usual) about a topic that is very close to heart.
5y
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
CME Group, Eurex and NASDAQ are all going after the "Exchange Traded" FX space in Europe, launching products that match "Spot". Many of the existing FX contracts on IMM (CME's long established FX Futures market) are "US-Centric" in the way they're listed. Personally I'm all for it, and I'm all for regulation of FX (Whether politically motivated or otherwise). I'm also in favour of the "Central Clearing" model that you get trading on-exchange. But then I spent 10 years of my career on LIFFE so I'm bound to be "pro-Exchange Traded Futures!".
5y
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
If you trade through an Exchange you mitigate counterparty risk and you can offset margin. Obviously these are mainly considerations for the bigger players and maybe not your average "man on the street", but in the main (by that I mean MF Global aside!) central clearing/trading/settlement has been a good thing for all, whereas there are a number of Spread Bet firms that have gone bust in recent years with only the FSCS (If it's UK Based) there to "rescue" things...
5y
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
PS, Ken, I think your mob might just struggle against Chile tonight!! ;-)
5y
Ken Veksler Ken Veksler
No comment re exchange stuff, we can discuss over a few adult beverages offline. Re Australia, the only thing going for them is the fact that it's Friday the 13th...

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail