Market sources say that Hans Gunter Redeker left his role as global head of FX strategy at Morgan Stanley in London last month. Redeker has been with Morgan Stanley since March 2011 when he joined the bank in the global head role after an 11-year career at BNP Paribas – most latterly as global head […]
Tag: FX strategy
Richard Preschern, CEO of Robosig and Co-Founder at FX Vision, talks to Profit & Loss deputy editor, Galen Stops, about the lessons he’s learnt from recent risk events.
Speaking about the volatility following the Swiss National Banks’ decision to pull its peg to the euro, Preschern comments: “What you understand is that the execution that you get during these events is nothing to do with what you model because the market is simply not there.
“So what you have to do in terms of risk management is look at your extreme points in terms of exposure because you just don’t know that you’re going to be able to get out, which is what causes a lot of wreckage in the market.”