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LMAX Exchange blog - FX industry thought leadership

All the latest business and technology views and insights on the FX industry from LMAX Exchange management and staff

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Friday, February 15, 2019

Plenty of uncertainty into the weekly close

Today’s report: Plenty of uncertainty into the weekly close

We’re into Friday and looking at the scorecard since the weekly open, it’s the New Zealand Dollar that stands out, up about 1.25% since things got going on Monday, while the Pound sits on the other end of the spectrum, down about 1% on the week. UK retail sales, Eurozone trade and US industrial production are some of today’s releases.   read report

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Wake-up call

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Wednesday, May 24, 2017

LMAX Exchange committed to FX Global Code of Conduct

The launch of the first ever FX Global Code of conduct is now upon us and I sincerely hope the market adopts it wholeheartedly and strives to improve on it in the months and years ahead. Specifically we expect that Principle 17 will be enhanced. It currently states trading activity in the last look window as ‘likely inconsistent’ with good market practice – we hope it will made inconsistent with good market practice in short order.

Video commentary by David Mercer, LMAX Exchange CEO

Guy Debelle should be congratulated for overseeing the birth of the code over the past 2 years and now the industry needs to follow the path of transparency highlighted throughout the Code to rebuild trust in our great FX market.

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Tuesday, February 20, 2018

The Regression

We have a problem. A good ol’ fashioned ringbuffer getting full and dropping messages problem. Brilliant, this is definitely what one wants to happen in their Itch market data feed in a production environment.

You know, the delta stream where we broadcast every price change and trade to clients? The one where they expect low latency and to receive every event. Yep, definitely a problem.

So why can a ring buffer get full? Well, it means writes are occurring more frequently than reads – whatever is consuming messages is unable to keep pace with what is publishing them. The consumer [...]

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