Guest writer: Zero-zero margins and the illusion of riskless principal
This is a guest post by Bruce Packard, a former banking equity analyst turned financial columnist. In this piece, Packard examines the collapse of AIM-listed FX broker Argentex — an apparent victim of tariff-driven volatility, but more crucially, a case of flawed risk assumptions being brutally exposed. At the end of April, Argentex — a […]
