NFA renews call for exchange-traded retail FX

Daniel Roth talks to FX Week

Daniel Roth, NFA

Foreign exchange markets are yet again in the regulatory spotlight. This time around, allegations of collusion or misconduct are not the focus of concerns, but rather the potentially fragile nature of a market where liquidity can look healthy and abundant one minute and crash spectacularly the next.

This is exactly what happened when the euro's exchange rate dropped 30% against the Swiss franc following the Swiss National Bank's decision to discontinue its 1.20 EUR/CHF floor on January 15. The

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