FX Week Europe: Co-operation protects FX market from crisis

LONDON – A combination of an adaptable trading infrastucture, CLS, diverse participants and central bank support, ensured the foreign exchange market was operationally sound during the crises, according to Holger Neuhaus, head of the front-office division at the European Central Bank.

In his keynote address at the FX Week Europe congress in London last Tuesday (November 17), Neuhaus began by stating that the global nature of the market could in itself explain its resilience. “I am inclined to

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