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Dealing desks preparing for reintroduction of EUR/GRD pair
Apr 07, 2015 at 20:00
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forex_trader_190177
Member Since May 12, 2014
21 posts
Apr 07, 2015 at 20:00
Several sources in the City have privately confirmed reports of dealing desks engaging in urgent preparations for the EUR/GRD (European Euro / Greek Drachma) trading instrument reintroduction, industry insiders claim.
"In view of the preparations, the coming Greek Orthodox Easter weekend has been declared business days at multiple brokerage companies, with staff to be paid overtime wages", a privy source disclosed as stated in a trading firm's internal communiqué.
"We largely view the matter as finished and will aim at offering competitive spreads on the new minor", a brokerage executive confided. The move is expected to be complete by the market opening on Monday.
"In view of the preparations, the coming Greek Orthodox Easter weekend has been declared business days at multiple brokerage companies, with staff to be paid overtime wages", a privy source disclosed as stated in a trading firm's internal communiqué.
"We largely view the matter as finished and will aim at offering competitive spreads on the new minor", a brokerage executive confided. The move is expected to be complete by the market opening on Monday.
Member Since Feb 22, 2011
4573 posts
Apr 08, 2015 at 08:56
It was there in 2011 already...
http://www.zerohedge.com/news/goodbye-euro-hello-drachma?page=1
http://www.zerohedge.com/news/goodbye-euro-hello-drachma?page=1
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