SIX, the index provider for the Swiss Market, has just announced that it has licensed the SARON (Swiss Average Rate Overnight) to the derivative exchange EUREX as underlying for Futures contract. SARON represents the overnight interest rate of the secured funding market for Swiss franc (CHF). It is based on transactions and quotes made on…
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The following post is based on research from Arnaud Masset, Market Analyst at Swissquote Group Holding SA (SWX:SQN). For more of Arnaud's research see Swissquote Research. The Swiss National Bank reported a profit of CHF 1.2 billion for the first half of 2017, compared to CHF 7.9 billion for the first quarter. The sharp appreciation of the…
Read more... and this is not going to stop.
Read moreThe following commentary on the monetary policy decision by the European Central Bank is courtesy of Laurent Bakhtiari, Market Analyst at IG Switzerland. [divide] As suggested in our previous comment, the ECB decreased its main refinancing rate to 0.00%. However, the ECB did not decide to act solely on this rate, it also cut the…
Read moreThe following guest post is courtesy of Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex. [divide] In my opinion, last year’s SNB decision to remove the 1.20 floor on EURCHF acted as a catalyst, reshaping how we now view and approach the FX industry. As we observed throughout 2015, the SNB move radically altered…
Read moreIt wasn't only retail forex brokers which got hit hard from the January Swiss Franc spike. The removal of an implied floor on the Franc by the Swiss National Bank back on January 15 - which sent the Swiss Franc soaring more than 20%+ against most other currencies - came as a surprise to many in…
Read moreThe Danish FSA concludes that the method applied by Saxo Bank contributes to an equal treatment of clients in accordance with its internal procedures and the regulation on investor protection, with the exception of two reprimands which Saxo Bank acknowledges
Read moreRetail FX firm EXNESS explained to LeapRate its perspective on risk management, and why it is taking an active role in this important subject within wider financial services trade organizations
Read moreThe SNB's just-released Q1 report shows an overall loss of CHF 30 billion ($31 billion), almost all due to foreign currency action.
Read moreSaxo Bank has sold a 2.5% interest in the company to US-based CarVal Investors, a $10 billion money management firm which usually specializes in distressed debt and credit-intensive assets
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