“Liquidity is worsening in spot markets, and options market liquidity is clearly deteriorating faster. This makes it very challenging to express views in options in certain crosses.”
“Liquidity is worsening in spot markets, and options market liquidity is clearly deteriorating faster. This makes it very challenging to express views in options in certain crosses.”
—Jens Nordvig, managing director, head of fixed income research for the Americas and global head of currency strategy at Nomura in New York, on the deterioration in liquidity in U.S. dollar/emerging market crosses.