Decisions made by the Swiss National Bank yesterday caused excessive volatility in the Forex Market. This recent debacle has proven once again the importance for risk management and trade reconciliation for brokers. Time and again we find that brokers do not put enough emphasis on managing their risk but instead choose to “fly by the seat of their pants” until it is too late. We have heard an extensive amount of complaints from sources that their liquidity providers have re-quoted, froze liquidity, and even altered confirmed ticket prices hours later.… read more →