Pre-trade tools could have mitigated SNB shock
Say panellists at the webinar, FXPB: A pre-trade or post-trade game?
Wider adoption of pre-trade risk management systems could have mitigated the severity of the Swiss National Bank (SNB) event, although it would not have provided a silver bullet to what was fundamentally a liquidity event, said panellists during FX Week's prime brokerage (PB) and risk management webinar.
Some of the most painful fallout from the event on January 15 took place in the PB space, where credit has become significantly harder and more expensive to access due to underestimating the
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