Oh! Oh! Oh, who says?! 'Who says, boss?!' Refinitiv says, Voice. Ha, ha, ha! 'Uh.' Ha!
Oh, no! ...
For immediate release
Er ... 'When did you receive this email?' Last week. Ah, Christ. 'You can still do it.' I don't know, man. 'Go on, Mikey! Risk it.' All right.
LONDON, 16 July 2020: Managing forex spreads has been the biggest trading challenge for asset manager traders since The Thing and resulting lockdowns began according to a Refinitiv survey released today.
16th July - !!! What was I doing?! 'You finished the week on Wednesday 15th.' Yeah, but ... I could have covered this story on Monday. Damn! 'Don't beat yourself up.' Okay. Uh.
In the global survey of over 1,000 FX trading clients, which included responses from 132 traders at asset management companies, 55% percent of respondents felt spreads was the biggest challenge. Interestingly, 15% have managed to overcome citing no issues. 13% of respondents chose access to liquidity.
15 percent no issues. Well, well, well ... maybe they're not bothered about nothing. We all know the type, don't we?
The issue of spreads was felt more significantly for asset manager traders compared to corporates where only 35% cited this as their biggest issue.
Right.
Now - 'Let Detlef speak!' Shut up, idiot! Detlef isn't here. 'Where is he?' I don't know. Jim Kwiatkowski is going to speak to us, and the readers. 'Who the fuc - ?' Listen! Refinitiv has different people doing different jobs, man. We can't have Detlef all the time.
Come on, Jim! Give it your best shot.
Jim Kwiatkowski, Global Head of Transaction Sales at Refinitiv, comments: "The changes to spreads during this period have been well documented. Spreads widened as volatility increased and providers became concerned about client credit. This was clearly a market-wide impact, but one that was mitigated, at least partially, by the utilization of trading tools to aggregate available relationship pricing and find that elusive 'best price'. Many clients have taken advantage of auto execution capabilities for smaller orders so that they can focus on their larger, more difficult to execute orders."
Oh, okay. 'I prefer our Detlef, boss.' Yeah, right. You're not prepared to give Jim a chance, are you?
Okay, okay. There's a lot of this email. I'm not really interested in all of it. Although this is amusing at the end -
Jim concludes: "Difficulties in communicating could be part of the reason why electronic trading was found from the survey to be far more reliable for our participants than 'Voice risk transfer'."
Ha! 'Voice risk transfer?! Is he having a pop at me?' No, I don't think so, Voice. 'Well, it sounds like it, don't it? The cheeky sod!'
There's more -
"It also shows that instead of reverting to old-world methods (voice), the market is now so far down the path of electronification that it pushed even further in this direction as the crisis evolved."
Ha, ha, ha! 'The absolute bastard!' He's not talking about you, Voice. Get a grip!
ENDS
...
Anything else, kook(s)? Music? My music?! I still need those two new songs ... to give me my BIG TEN. Ah, never mind. I'll have to be patient.
My next goal after the BIG TEN will be to write two more songs as good as Nothing - which I still think is the greatest song ever. It really is like one of Shakespeare's soliloquies set to music. The only other song like that is Bob Dylan's It's Alright, Ma (I'm Only Bleeding). But my song is better! Why? Firstly, the music is better. It's more commercial and catchy. Secondly, there's nothing in Dylan's lyrics to match the grandeur of my third verse. It's beyond pop music, man, and in the realm of great literature. And yet ... it's still singable. It doesn't sound unnatural. Most poems would sound awful if you sang them. Think about it.
Anyway ...
Laters!
