Fun fact, Forexlive get all their information (abt banks) from me. Got some friends there who are on my mailing list. *edit, there is gonna be someone here calling bullshit, so here. have a picture.

EURUSD

JPY – USD/JPY once dipped to 108.46 thanks to PM Abe having said be careful about impact on local economies from recent Jpy weakening before it bounced to 108.65/70 during the Asian session. Our research team thought his comment wasn’t so surprising ...

Cross Market Analysis

Big Deutsche bank piece for the last 3 months of the year in FX, enjoy.

Cross Market Analysis

not really, if payout for an expiriry was in the range of 500mil then the delta/gamma hedging would be absolutely nuts. however payout is only 1%-2% of the NOTIONAL (which is shown, the 500mil (or whatever) value) Also, need to considered the delta ...

Cable Update (GBPUSD)

I thought we went thru this yesterday on this thread!? That isn't pay-out, that is notional. The DTCC are pretty clear with their labelling...

Cable Update (GBPUSD)

should add, we saw PBoC add 80bn US$ stimulus, but we've seen Chinese interest rates drop fast... 1Y ND IRS. A Bullish AUD factor on the margin... but frankly the bearish ones way outweigh the bullish. But I'm just relaying my traders thought.

Cross Market Analysis

A look at the AUD... a few things, short term technicals suggest a move higher (chart is vs US yields inverted) and the AUD appears cheap. Desk bought some here (not strat team) for a fade, seems overdone. However concerned over move in copper ...

Cross Market Analysis

Our exotics desk won't touch any DNTs >10 mil in size. Especially at the moment.

Cable Update (GBPUSD)

As an ex-options desk flow trader, let me explain as clearly as I can... Running an options book on the sell-side, is mostly about keeping yourself delta and gamma neutral, that means buying and selling spot every couple of minuts (obviously algos ...

Cable Update (GBPUSD)

To further my point, I've gone onto the DTCC database. This is a list of All the GBP/USD options trades executed and cleared last Thursday and Friday. Note the notional value, and then look at premium, in effect the premium is what is at risk for a ...

Cable Update (GBPUSD)

the 500mil or whatever is the notional value of the contracts reported on the DTCC, the actual amount of money to be won/lost by either counterparty is 1 or 2% of that.

Cable Update (GBPUSD)

I am not Sales and trading for FX, I was a market maker in interest rate swaps a few years ago tho. But, now I am an FX strategist. My personal recommendation (as no bank would accept you yet) would to look to BBGs ECN (tradebook). It is very good, ...

Suitable ECN Broker for 1million+ Account Size

1mil probably isn't enough to open with any tier 1 bank. At my shop, it wouldn't be sufficient, normally needs to be 10-20mil before being considered. Tho depends on whether you want the full prime brokerage package. But if you do go down a route ...

Suitable ECN Broker for 1million+ Account Size

lol, you've no idea have you?

Statistical mean of the market [quant corner]

No, I really am not confusing mean and median. Every 6 year old in the country knows the difference and what I showed was the mean. Also, the median is high+low/2, so I really don't know what the hell you are talking about. I can show you a chart of ...

Statistical mean of the market [quant corner]

What do you mean (no pun etc) exactly? Of course the market, whatever it is, has a mean. But in no way is it constant. At all. on any timeframe. Tho, in the modern FX markets, GBPUSD mean has varied between 1.75 and 1.80. More chance than anything ...

Statistical mean of the market [quant corner]

One big market theme that has gone unnoticed in the past few weeks, is the huge move higher in 5 year real interest rates. (chart attached). more importantly it has moved into positive territory. A long term bullish factor for the USD, and more ...

Cross Market Analysis

Looking at the options markets, there is still outright fear and panic of a "yes" vote, yet at the same time the spot markets is very optimistic (trading multi-year highs etc) its tough, my fair value GBP rate is 1.65, so I think it would struggle ...

Cross Market Analysis

PY – Yesterday’s price action through the FOMC was interesting that when a considerable time was found on wires USD/JPY went 35 offer and immediately went 60bid ( on 107), then we haven’t seen below there since then. The price action told me that ...

Cross Market Analysis

JPY – USD/JPY was range-bound, local exporters were seen as sellers of USD/JPY and Cross/JPY and the pair dropped with weak stops triggered below 107.00. However the downside was well supported ( low 106.93) and the pair retraced back to where it ...

Cross Market Analysis