Banks and brokers at loggerheads over Swiss franc fallout
Banks and forex retail brokers are at a standoff as they fail to agree new terms on repricing trades in the wake of the EUR/CHF collapse on January 15
Disagreements over prices in the euro against the Swiss franc in the immediate wake of the Swiss National Bank's (SNB) decision to pull its 1.20 currency floor has led to tension between retail brokers and liquidity-providing banks, with one firm likening the situation to being held hostage to banks.
The unprecedented move in EUR/CHF rates on January 15 has caused several banks and retail brokers
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