Watch: Integral Trading, PoP and Liquidity in the Post-SNB Era

Over the next week we will be presenting a series of videos of the speeches and discussions featured at the London Summit 2015. If you were unfortunate enough to miss the summit, or did attend but missed out on a particular session, this is your chance to catch up.

This workshop was given by Marco Baggioli, the COO of ADS Securities in London. ADS Securities provides sophisticated Forex and CFD trading solutions to institutional and private investors, and is the largest brokerage by volume in the Middle East.

Marco Baggioli himself has over 23 years experience at the executive level of the trading industry, including a stint as Head of FX Prime Brokerage Sales for Europe and Asia-Pacific at Deutsche Bank, and he shared his expertise in this interesting workshop.

"Appetite in general for extending credit lines to anybody has been waning."

Before the Swiss National Bank crisis credit and trading were relatively cheap and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term was easy to access. However,

"The SNB crisis generated new costs, new risks, and new problems with access."

Marco Baggioli offers interesting insights as to why traditional Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term are leaving the market:

"Lots of the big market makers are seeing that more and more of the business they do on the floor side is unprofitable and they tend more and more to weed out clients that don't generate value.."

Baggioli argues that well capitalised brokerages now have an important role to play as FX intermediaries. With credit lines drying up and the cost of trading increasing dramatically, new options such as principal trading and prime-of-prime are the ways in which the industry has responded to this crisis.

Watch this informative workshop in the embedded link!

Watch the rest of the summit's content here.