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.
LMAX Close Wellington open
USDJPY 101.841 101.75-80 | EURUSD 1.34305 1.3428-33 | EURJPY 136.793 136.72-17| AUDUSD 0.9397 0.9396-01 | NZDUSD 0.85544 0.8553-58 | USDCAD 1.08162 1.0812-17 | EURCHF 1.21515 1.2149-54 | USDCHF 0.90477 0.9045-50 | GBPUSD 1.69771 1.6975-80 | EURGBP 0.79112 0.7908-13 |
Interbank Ranges as of 6am London time
USD/JPY 101.84 | 101.755
EUR/USD 1.3435 | 1.3427
EUR/JPY 136.77 | 136.645
AUD/USD 0.9401 | 0.9384
NZD/USD 0.8570 | 0.8533
USD/CAD 1.0819 | 1.0810[...]
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