Bookie taps €1bn call option on Swiss franc, hopes for SNB floor hike

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Bookie taps €1bn call option on Swiss franc, hopes for SNB floor hike

One leading interdealer broker in London this week bought a €1bn euro call on the euro/Swiss franc exchange rate in anticipation of the Swiss National Bank (SNB) raising the enforced Sfr1.20 ($1.32) floor on the rate to Sfr1.25 in a bid to combat deflation.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Related articles

Gift this article