Our summer of discontent

Volatile times for FX traders

Kevin Rodgers, Deutsche Bank

Foreign exchange trading desks endured an unusually chaotic start to August last week as both the Swiss National Bank and the Japanese authorities took action to stem the dramatic appreciation of the Swiss franc and the yen, creating a challenging environment for banks and investors.

August 4 saw a record trading day on interdealer broker Icap’s EBS spot-trading platform, with $405.97 billion traded in a single day, constituting its third largest day of all time in terms of value traded. On the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: