Why central banks are not worried about forex algorithms?
Disclosure failings feed into FX code; other issues are worrying, but distant, says SNB’s Maechler.
Photo: fxmarkets
A positive change, with hidden dangers. That’s the shortest version of the 55-page study published by almost two dozen central banks in November, after months of research into the growth and use of execution algorithms in foreign exchange markets. In this interview with FX Markets, Andréa Maechler – the Swiss National Bank (SNB) governing board member who chaired the banks’ work – explains what she and her colleagues like about FX algorithms, and also what concerns them.
Reprinted from fxmarkets, the copyright all reserved by the original author.
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