Deals
The Tiny Broker Who Won on the Swiss Franc Shock
Swiss Francs.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Some of the big guys lost on the Swiss franc. Turns out, one of the little guys won.
While the likes of Citigroup Inc. and Saxo Bank A/S got stung when Switzerland abruptly let the franc soar in mid-January, Jakub Maly says the brokerage he runs made enough money to start dreaming about expansion.