Forex liquidity transformation post-SNB
As liquidity fell considerably in the wake of the event, volatility inched up higher
Market conditions have changed fundamentally since the astonishing events surrounding the Swiss National Bank's removal of the EUR/CHF floor. It may not be obvious to the casual observer, but there's been a considerable reduction in liquidity supply combined with higher volatility.
The main causes for this shift are twofold. Since the events of January, both bank and non-bank liquidity providers have been evaluating the effectiveness of their pricing algorithms during volatile market conditions
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