Market-makers tweak algorithms post-SNB move
Liquidity providers seek to improve electronic price formation
Foreign exchange liquidity providers have been fine-tuning their pricing algorithms in the wake of the January 15 Swiss franc event, which saw losses of hundreds of millions of dollars across the industry, as sharp moves in currency markets have continued in the months since.
Many firms, both banks and non-banks, have been focused on the reliability of CME price data since the exchange implemented circuit breakers in FX and metals futures contracts on December 21, while fears of another pegged
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