HedgeFund Networking

Creating connections and providing knowledge for investment managers.

Trading Most Difficult Since Lehman on Greece Redux: Currencies

February 9, 2015 |

by Elizabeth McCormick

(Bloomberg) — It hasn’t been this difficult to trade currencies since the collapse of Lehman Brothers Holdings Inc. shook markets worldwide.

The difference between the price at which traders are willing to buy and sell major currencies has widened to the most since the 2008 financial crisis, according to data from JPMorgan Chase & Co. Bid-ask spreads have expanded even as the amount of trading climbed amid the most foreign-exchange volatility in over a year.

Read Full Article HERE