Even as some foreign-exchange brokers that focus on serving retail customers were getting hammered by the surprise surge in the Swiss franc earlier this month, other firms that deal mostly with big banks, hedge funds and other large clients were handling record amounts of business—and raking in profits….
Interdealer platforms such as ICAP’s don’t take on much market risk but instead stand in the middle of bank and asset-management clients, earning fees as they match orders. For these businesses, profitability is closely linked to trading volume.
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Apple stock’s got nothing on the franc.
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Sometimes at night, they can still hear the screaming.
Franc Surge Forces Swiss To Impose Pizza Delivery Blockade
This is an actual thing that's happening.
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Let them create all the francs they want.