Comparing apples and apples

With clients expecting more transparency, it is vital for firms to be in control of costs. The key is determining the true all-in price of execution

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Up or down? The picture of total costs is blurry for market participants. Photo: Shutterstock

The question that most frequently causes politicians to be labelled ‘out of touch' concerns the price of milk. Knowing the cost of basic commodities is seen as the essential ingredient for anyone running a household or a business – it is the very building block of being in control and on top of what is happening in the wider context, and it's a crucial indicator of whether someone really knows their audience.

In foreign exchange, this has not always been the case, but in the rapidly evolving env

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