Author Archives: Joseph Hoffman

“Suddenly, this is the hottest issue in town…” When Wall Street Journal reporter Katie Martin wrote those words about FX a few weeks ago http://blogs.wsj.com/source/2011/02/22/spot-the-villain-in-currencies-grubby-secret/, she turned me into a blogger. She was talking about the fact that “not all … Continue reading →

There’s nothing mysterious about the techniques we use for improving FX trading results. It’s mostly a matter of establishing a competitive dealing environment rather than trading with a single monopoly provider. In a properly functioning market, you get competition, which … Continue reading →

In my last post, “Lifting the curtain…” I described Russell’s research into the true cost of currency trading in an equity portfolio. Russell Implementation Services, Inc. detected a spread ranging from under one basis point for the most efficient execution … Continue reading →

Is this what an out-of-body experience feels like? I’m talking about headlines in the Wall Street Journal that read, “Foreign Exchange Gone Wild,” “Battle of the Titans,” and most provocatively, “Spot the Villain in Currencies’ Grubby Secret.” Suddenly, my sleepy … Continue reading →