As Hedge Funds have chased the more exotic investments recently to generate their close on break even positions year on year (assuming you count front running in Apple stock as alternative investing), it remains a continual mystery to many (including the author) why many have not turned to the obvious investment of currencies. Is it not considered sexy enough, is it too ‘easy’, too obvious? This most liquid of markets, almost impossible to corner, with low transaction costs, where algo quants can indulge to their hearts’ delights, what’s not to like? Could SocGen’s initiative prove to be a catalyst for others to follow suit?
(c) Forex Magnates