Levine on Wall Street: FX Fallout and the Value of Volatility
Franc fallout. So ... how's your foreign-exchange trading going? Yesterday's pick-a-number-standard-deviation move in the Swiss franc "caught everyone off guard," "sent the markets into a tailspin," is "likely to create more volatility in the short term," and left a lot of people very embarrassed or broke: Anthony…
cineramaJanuary 16, 2015