Why the focus on oil? Collapse in value of interbank FX giants much worse, what does this mean for PBs?
What is the elephant in the room that the entire FX industry is focusing on, and indeed not focusing on? The race to the bottom of oil prices has been the focus of many multi-asset firms and traders alike, however the value of interbank FX dealers including Deutsche Bank and Credit Suisse is falling at […]
What is the elephant in the room that the entire FX industry is focusing on, and indeed not focusing on?
The race to the bottom of oil prices has been the focus of many multi-asset firms and traders alike, however the value of interbank FX dealers including Deutsche Bank and Credit Suisse is falling at a faster rate than oil, which has escaped the public eye, yet caused some industry executives and government officials to raise more than an eyebrow.
What will the senior executives do? Will the bonuses continue to be curtailed, or will the surrounding economy be decimated? Who will lead the way forward and out of the dire straits?
What does this mean for prime brokerage and non-bank liquidity providers?
Paul Orford, VP Business Development at prime brokerage TopFX and Andrew Saks-McLeod engage in an animated and detailed debate on this poignant subject. Here is the full TV discussion:
