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FX Knowledge Blog
July 27th, 2016
by Jimmy McGeehan

Rather than whining about the pending uncertainty post-Brexit, GE’s Jeff Immelt lays out an actionable plan. He has no choice, with significant revenue and operations globally he cannot let the prevailing political sentiment interfere with his quest to deliver value … Continue reading

Posted in FX Best Execution Practices, FX Corporate Treasury, FX Transaction Cost Analysis |


July 21st, 2016
by Jimmy McGeehan

We are saddened to see another negative example of the OTC FX market splashed across the world’s leading newspapers. These two headlines below aptly demonstrate the strain the institutional currency market is under. The banks likely believe they have the … Continue reading

Posted in FX Best Execution Practices, FX Corporate Treasury, FX Transaction Cost Analysis, Uncategorized |


July 21st, 2016
by Jimmy McGeehan

HSBC forex traders charged with criminal fraud http://www.ft.com/cms/s/0/9c44fe7a-4e97-11e6-8172-e39ecd3b86fc.html#axzz4F33H4Ddd The latest legal and regulatory concerns related come from an alleged situation of HSBC’s FX desk front-running a large corporate currency transaction. The profit estimated for the bank, $8 million. HSBC internal … Continue reading

Posted in FX Best Execution Practices, FX Corporate Treasury, FX Transaction Cost Analysis, Press |


July 15th, 2016
by Jimmy McGeehan

FXT views the prevailing condition of high geopolitical uncertainty coupled with declining multi-asset market liquidity and unprecedented interest rate markets (~$12 trillon of developed market government bonds with negative yield) as a dangerous cocktail for FX transaction costs as the … Continue reading

Posted in FX Best Execution Practices, FX Corporate Treasury, FX Transaction Cost Analysis, Press |


December 15th, 2015
by Jimmy McGeehan

Independent buy-side market think tank, New City Initiative, released a paper today outlining excessive FX execution costs, with conservative estimates totaling 1.5 billion EUR for European asset managers. The paper calls for clear direction from regulators regarding new MiFID II … Continue reading

Posted in FX Best Execution Practices, FX Corporate Treasury, FX Transaction Cost Analysis |


October 14th, 2015
by Jimmy McGeehan

My name is Laura Lifland, and I have recently joined forces with FX Transparency after spending 15 years as an FX salesperson at large commercial banks. After meeting with several institutional investors over the last week, there are a few … Continue reading

Posted in FX Best Execution Practices, FX Transaction Cost Analysis |


June 12th, 2015
by John Galanek

FX TCA should benefit from improved granularity as the Bank of England’s Fair and Effective Markets Review (FEMR) calls for time stamps to be recorded on every trade and “last look” provisions to be reviewed as part of their call … Continue reading

Posted in FX Best Execution Practices, FX Transaction Cost Analysis |


April 17th, 2015
by John Galanek

Alex Dunegan, Founder and CEO of Lumint Currency Management, discussed the value of FX TCA and said that quantifying implementation shortfall can lead to “operational alpha” in the currency process. He also highlighted the importance of using a third-party TCA … Continue reading

Posted in FX Best Execution Practices, FX Transaction Cost Analysis |


December 26th, 2014
by Jimmy McGeehan

Major changes are coming following FX crackdown Investors seek more tranparency, better execution from firms By Rick Baert | December 22, 2014 http://www.pionline.com/article/20141222/PRINT/312229983/major-changes-are-coming-following-fx-crackdown Last month’s $4.4 billion in fines against six major banks over foreign exchange price manipulation has spurred … Continue reading

Posted in FX Best Execution Practices, FX Transaction Cost Analysis, Press |


December 9th, 2014
by John Galanek

Changes were originally supposed to go into effect Sunday December 14th, but have been delayed to February 15th 2015. There will be two major changes to the current process: 1. The calculation window is being widened to 5 minutes from … Continue reading

Posted in FX Best Execution Practices, FX Transaction Cost Analysis |


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