Prime brokers re-considering pricing in spot HKD and DKK
Interesting piece yesterday on Reuters regarding the on-going fall-out of the recent SNB-inspired debacle. Other markets are coming under scrutiny, most notably the fixed plays in HKD and DKK, and Prime Brokers are making early decisions to defend themselves from another CHF-like event.
One unnamed Prime Broker has supposedly already stopped pricing in spot HKD and DKK. If this is true, then more will undoubtedly follow with obvious ramifications for market liquidity.