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LMAX Exchange CEO, David Mercer, on providing efficient market access for small institutional clients
LMAX Exchange CEO, David Mercer, on providing efficient market access for small institutional clients – at Profit & Loss Forex Network, Chicago, Sept 2014.
David Mercer, LMAX Exchange CEO, shares insights.
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NFP live at LMAX Exchange
LMAX Exchange CEO, David Mercer, comments ahead of the release of the US Nonfarm Payroll figure on August 1st 2014. David speculates the potential market movements before providing live commentary as the NFP figure is announced.
David Mercer, LMAX Exchange CEO, shares insights.
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The cost of trade
Colin Lambert, Editor of Profit & Loss, interviews David Mercer, LMAX Exchange CEO, on his thoughts regarding the shift towards clients focusing more on the cost of trade. David comments that the revenue generated begins with the spread, and in the last five to ten years as spreads have tightened there is now a natural shift towards clients focusing on the cost to trade, which includes the cost to report, the cost to clear and the aggregation fees associated.
David Mercer, LMAX Exchange CEO, shares insights.
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Future of virtual currencies
Colin Lambert, Editor of Profit & Loss, interviews David Mercer, LMAX Exchange CEO, on his thoughts regarding the future of virtual currencies. David comments that this is a very interesting area for the market stating it is still very early days, however the process has already started which can be seen via the wide use of social media credits. David speculates that virtual currencies will be in common use within ten years as the security, storage and clearing issues surrounding virtual currencies (such as BitCoin) are resolved, with many venues currently waiting for this to occur prior to listing as it can be deemed too risky at present. Nevertheless, which virtual currency will prevail into the mainstream is still up for debate.
David Mercer, LMAX Exchange CEO, shares insights. -
Effective use of technology in FX
Colin Lambert, Editor of Profit & Loss, interviews David Mercer, LMAX Exchange CEO, on his thoughts regarding the effective use of technology in FX and the continuing investment by venues. David comments that this is very important especially when seeking to drive efficiency through technology which can assist in reducing not only front office but middle office functions via automation.
David Mercer, LMAX Exchange CEO, shares insights. -
Regional banks embrace eFX
Steve Toland, Head of LMAX InterBank, comments on the embracing of eFX technology by regional banks. Steve shares his thoughts on the evolution and development of eFX systems at regional banks over the past few years, which has been driven by the hiring of experienced staff from the top ten global banks and the establishing of partnerships with 3rd party technology vendors to improve their e-commerce FX offerings.
Steve Toland, Head of LMAX InterBank, shares insights.
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Staying ahead of the curve
LMAX Exchange CEO, David Mercer, shares his thoughts on the current technology innovations which could influence how trade execution is conducted in the future. David comments it is becoming harder for venues to meet the needs of the consumer, we all have to accept mobile technology and the way content is consumed will change in the coming years.
David Mercer, LMAX Exchange CEO, shares insights.
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Changing dynamics in FX trading – how should platforms adapt?
LMAX Exchange CEO, David Mercer, shares his thoughts on the changing dynamics in FX trading and how platforms should adapt.Discussion topics:
- The current environment of see-sawing volumes…is that a frustration to a newer platform?
- What was it that attracted new platforms to launch during 2011/2012
- What is your take on rules, and how do you ensure a level playing field?
- What policies do you impose to throttle customer orders or limit HFTs who are just gaming the market?
- Are there parts of the market where they’d want a randomised pause to prevent latency/technology arbitrage?
- What is ‘last look’? And why does LMAX Exchange not have it?
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FX markets – expect the good times to come back
LMAX Exchange CEO, David Mercer, shares his thoughts on the recent ECB interest rate cut of 0.1% which saw a rebound of volatility in the FX market. David comments that this is evidence for venues to continue with their particular business models throughout this current period of low volatility as he strongly expects for the markets to return to previous levels.
David Mercer, LMAX Exchange CEO, shares insights.
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Spot FX – on its way back?
David Mercer, LMAX Exchange CEO, comments on the recent trend of major venues reporting declines in FX volumes. He believes this will stop, with venues expected to report an increase in volumes in March due to increasing confidence in the market along with greater volatility and opportunity. Overall, 2014 should be a good year for the FX market as a whole.
David Mercer, LMAX Exchange CEO, shares insights.
TCA and fair execution.
The metrics that
the FX industry must use.
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