Millennium: selective price discovery mitigates illiquidity

Route orders to intermediaries willing to absorb risk, says currency manager

Umberto Alvisi, head of risk at Millennium Global
Where do you see structural market risks and asset bubbles building?

The risks that we are seeing are different in nature. There are definitely some geopolitical risks, in particular the Russia-Ukraine conflict and its potential escalation, and in the Middle East. A market risk that we could call structural is Greece and the possibility of a Greek exit from the European Union.

As for the general macroeconomic environment, we live in unprecedented times of central bank monetary easing and ample

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