FX Week Europe: Op risk requires greater focus in FX post-Sandy

Philippe Bonnefoy at FX Week Europe 2012
Philippe Bonnefoy, Newscape Capital Group

The rise of electronic trading in foreign exchange in recent years has exposed the market to greater levels of operational risk that need to be tackled, particularly in light of the effects of Hurricane Sandy that struck the US in late October, according to senior market participants. Speaking at the FX Week Europe conference in London earlier this week, Philippe Bonnefoy, chairman and chief investment officer at Newscape Capital Group, highlighted system security and business continuity as p