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The public see HFT as the poorest incarnation of Big Finance. How would you change this perception?
LMAX Exchange CEO, David Mercer, comments that the recent public perception of High Frequency Trading as being the poorest incarnation of Big Finance could be the result of particular journalistic approach and the reality is that HFT is here to stay. David states, the markets require liquidity and the best liquidity providers are the best high frequency market makers, who incidentally are situated in banks and proprietary trading firms with no differentiator. It could be public perception can be changed with a combination of greater education and more responsible journalism.
David Mercer, LMAX Exchange CEO, shares insights.
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Is the impact of HFT good or bad for the FX market?
LMAX Exchange CEO, David Mercer, states that the impact of High Frequency Trading is good for the FX market. There is no better time to be a customer in the market, the cost of trading has been driven down, allowing prices to become more accessible whilst providing a greater degree of price discovery than ever before.
David Mercer, LMAX Exchange CEO, shares insights.
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CEO, David Mercer, shares the LMAX Exchange growth story
LMAX Exchange CEO, David Mercer, talks about the journey the company has taken in recent years: the opportunities and challenges faced along the way, leading change and disrupting the financial trading industry, and the persistence to challenge conventions, resulting in 307.8% growth between 2010/11 and 2013/14 and LMAX Exchange topping the 2014 Sunday Times Tech Track 100 list.
David Mercer, LMAX Exchange CEO, shares insights.
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Do the new regulations create reluctant market makers?
LMAX Exchange CEO, David Mercer, comments that despite new regulations it is uncommon for market makers to be reluctant in the FX market. David states incentivising market makers is still yet to be encountered in FX and currently the difficulty could be perceived as the onboarding of buy side clients.
David Mercer, LMAX Exchange CEO, shares insights.
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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.
TCA and fair execution.
The metrics that
the FX industry must use.
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