Michael Spencer

Michael Spencer

About the Substack

FX, macro & derivatives insights from 25+ years in global markets covering hedge funds across London and Asia. Writing on volatility, liquidity, positioning and trade expression. Japan & Classical Music enthusiast, & keeping fit.

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About Michael Spencer

FX, macro & derivatives insights from 25+ years in global markets covering hedge funds across London and Asia. Writing on volatility, liquidity, positioning and trade expression. Japan & Classical Music enthusiast, & keeping fit.