Tension intensifies between banks and brokers as SNB fallout continues
Banks and FX retail brokers at a stand-off on repricing
Disagreements over prices in the euro against the Swiss franc in the immediate wake of the Swiss National Bank's (SNB) decision to pull its 1.20 currency floor has led to tension between retail brokers and liquidity providing banks, with one firm likening the situation to being held hostage to banks.
The unprecedented move in EUR/CHF rates on January 15 has caused several banks and retail brokers to notify respective clients that they are seeking to reprice trades retroactively, citing a lack of
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