P&L’s managing editor Colin Lambert and editor Galen Stops are joined by guest podcasters John Crouch and Brandon Primack to discuss the hot topics from the first day at Forex Network Chicago for this In the FICC of It special.

The podcast looks at how platforms seek to build a better liquidity landscape through the effective monitoring of both liquidity providers and consumers – and inevitably data rears its head. There is also a healthy discussion around the benefits (or otherwise) offered by the high frequency trading community and although there is some discord a consensus is achieved.

The role of innovation and the impact of regulation on the key themes of liquidity and execution are also debated before the podcast ends with Crouch really wanting (honest) to hear an old trading story from Lambert. So, if you really want to hear the ultimate story regarding operational risk, DEM/ITL (look it up kids) and using signalling risk to your advantage – listen on!