Market making pays off for HFTs amid currency turmoil

High-frequency trading firms were among the beneficiaries of the mayhem in European currency markets last week

Market making pays off for HFTs amid currency turmoil

High-frequency trading firms were among the beneficiaries of the mayhem in European currency markets last week, brought on by the Swiss National Bank’s sudden decision to scrap its currency floor.

HFT firms enjoyed strong trading revenues after the SNB's move last Thursday, with many benefiting from roles as market makers in the global FX markets.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached