Central Bank Intervention No Bonanza For Market Makers, Say Treasury Execs


The sharp, rapid movements of the dollar and the pound this past week have left many in the London foreign exchange market gasping. But the question is, have they left banks any richer? Opinion on that point is decidedly mixed, but most bankers contacted agree that the rapid market movement can not only bring gains for market makers, but big dangers as well.

"Normally, when there is a lot of volatility, banks doing volume will make money," says Steve Mazloumian, foreign exchange director at

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