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Victor Golovtchenko contributed to this article.
Apparently every year a mega event is bound to happen – January 2015 saw the SNB bomb hit the markets, while June 23rd 2016 is going to be remembered as the day that the Brexit happened. The Brexit, however, is not at all similar to the SNB crisis – it’s a lot more challenging.
In 2015 the SNB unexpectedly removed the peg for the Swiss franc, sending shock waves across the financial industry and especially across currency trading, with the EUR/CHF pair being affected the most.
Most of the firms involved in FX trading were caught off ... (read more)