Cautious clients turn to rules-based FX
CHICAGO - Short-term, rules-based forex products are en vogue , according to delegates at last week's (April 7) FX Invest USA conference in Chicago.
"The ‘Madoff complex' means everyone is calling for transparency and wanting to know where their funds are all the time," said Chris Gersch, managing partner at Chicago Global Capital. He said clients are "warm" towards not carrying positions overnight and having the option to retrieve their assets within one day.
Krishna Kumar, who works in FX
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