Market participants braced for liquidity crunch
Breaking point nears as huge intraday moves plague markets
Liquidity in foreign exchange continues to deteriorate, leading participants in the market to question its ability to withstand a crisis – and the effect that potential shock moves could have on clients, as risks increasingly sit with them.
Fears over liquidity have plagued the market since the end of 2014, and the market's resilience was seriously tested on January 15 when the Swiss National Bank (SNB) removed its currency floor. With Greece's exit from the eurozone looking more likely than
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