The Swiss Roll: what the SNB’s reversal could mean for algo usage

That was when the Swiss National Bank introduced mayhem to the FX market with its unexpected decision to scrap a policy of capping the Swiss franc against the euro. For three years the market had seen the central bank keep a lid on its currency, only for the franc to move more than 40% and surpass the Russian rouble as the world’s most volatile currency. The move was likened to a nuclear explosion. Market veterans have said they’ve not seen That was when the Swiss National Bank introduced mayhem to the FX market with its unexpected decision to scrap a policy of capping the Swiss franc against the euro. For three years the market had seen the central bank keep a lid on its currency, only for the franc to move more than 40% and surpass the Russian rouble as the world’s most volatile currency. The move was likened to a nuclear explosion. Market veterans have said they’ve not seen

That was when the Swiss National Bank introduced mayhem to the FX market with its unexpected decision to scrap a policy of capping the Swiss franc against the euro. For three years the market had seen the central bank keep a lid on its currency, only for the franc to move more than 40% and surpass the Russian rouble as the world’s most volatile currency. The move was likened to a nuclear explosion. Market veterans have said they’ve not seen