WMBA highlights liquidity fears
Clark and McDonald voice concerns for 2015
2015 is set to be the year when regulatory ambitions and central banks' concerns about liquidity will start to conflict. The impact of market-makers retrenching from FX this year is already being felt in currency markets, even in the most liquid pairs.
"The withdrawal of market-making activity has already happened this year and the effects on liquidity will soon start to become apparent, especially if or when volatility increases," says David Clark, chairman of the Wholesale Markets Brokers'
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