FX Focus: The new FX equation

The latest quarterly supplement, FX Focus, is now online

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FX Focus: The new FX equation

When times are tough, there are two options: cut back or make more money. For the foreign exchange industry, the choice at this point is very clear – costs need to be reduced or at least measured correctly before the revenue side can be looked at.

At the beginning of last year, no one could have foreseen the consequences of the
Swiss National Bank's (SNB) decision to pull its minimum exchange rate in the franc. The wildly exciting and terrifying trading day of January 15, 2015 was just the start

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