SNB’s Maechler: innovation hub in race to catch up with fast-paced markets
Swiss hub is laying foundations for a fast market-monitoring platform
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, Andréa Maechler – the Swiss National Bank (SNB) governing board member who chaired the banks’ work – explains what she and her colleagues like about FX algos, and also what concerns them. In parallel to the study, the SNB has been
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