Flash crash moves loom in FX markets

Participants concerned by sudden moves in currency markets

volatile

Foreign exchange traders across the market spectrum have been stunned by an increase in short-term volatility, which is making it more difficult to find the exit door on positions, exacerbated by the Swiss National Bank's (SNB) decision to remove its EUR/CHF currency floor on January 15.

"Gone are the days where, when a market moved, 20 market-makers would realise it was just a flow and try to take the other side of the trade, putting liquidity in and reducing volatility," reads a client note fr

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