2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory

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Updated February 6, 2015

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2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory

January 20th, 2015, 04:03 PM	#41 (permalink)
choke35 Germany Market Wizard Experience: Intermediate Platform: Other Trading: ES, YM, 6E Posts: 2,622 since Feb 2013 Thanks Given: 5,101 Thanks Received: 6,558	Cool premiums for playing the fire department ... if it works out ... FXCM Provides Further Details on Financing With Leucadia National Corporation (NYSE:FXCM)

January 22nd, 2015, 06:47 AM

#42 (permalink)

Abde

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I received this e-mail today from GFT:

Quoting

In light of last Thursday�s extraordinary market events, we are forgiving all negative balances incurred by GFT Markets retail clients on 15 January, 2015 where permitted by regulation. Affected clients will be notified by email and we expect all credits to be completed and posted to clients� trading accounts by 5pm ET on Thursday, 22 January, 2015.

Your continued trust and loyalty drive every decision we make. We will continue to challenge ourselves to provide you with the best tools and resources to help you succeed in the markets, along with the level of service and support you expect from a global market leader.

Thank you for trading with us.

GFT Markets

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January 22nd, 2015, 10:47 AM

#43 (permalink)

Big Mike

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January 22nd, 2015, 01:24 PM

#44 (permalink)

Fat Tails

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Probably easier to understand, if you do not speak German.

Big Mike

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January 22nd, 2015, 01:30 PM	#45 (permalink)
Fat Tails Berlin, Europe Market Wizard Experience: Advanced Platform: NinjaTrader Broker: Interactive Brokers Trading: Futures & Stocks Posts: 9,887 since Mar 2010 Thanks Given: 4,242 Thanks Received: 27,114	SNBomb ? Reactions from 67 forex brokers \| Forex Crunch

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January 22nd, 2015, 03:01 PM

#46 (permalink)

Big Mike

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Fat Tails

Probably easier to understand, if you do not speak German.

LOL, I can see how that would be confusing. Maybe on mute or very low volume

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January 22nd, 2015, 10:08 PM	#47 (permalink)
zxxaxz Springfield Elite Member Experience: Intermediate Platform: Ninjatrader, TOS Trading: eMicros Posts: 126 since Sep 2009 Thanks Given: 10 Thanks Received: 80	If this sounds crazy, the U.S. has been doing this since 2009, it's the only reason the stock market stays up ECB launches 1 trillion euro rescue plan to revive euro economy \| Reuters

January 23rd, 2015, 11:49 AM

#48 (permalink)

Big Mike

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How The Swiss National Bank Almost Crushed George Soros | Zero Hedge

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January 23rd, 2015, 11:51 AM

#49 (permalink)

Big Mike

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FXCM letter to clients to repay negative balances | LeapRate

FXCM-2013.12.31-10K

Quoting

Our policy is generally not to pursue claims for negative equity against our customers

Mike

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January 25th, 2015, 09:49 AM	#50 (permalink)
skoa Wolfsburg, Germany Elite Member Experience: Intermediate Platform: Python Broker: InteractiveBrokers Trading: ALL the futures (and options) Posts: 82 since Sep 2014 Thanks Given: 353 Thanks Received: 53	So if I understand this correctly, Saxo is in deep trouble as well: Wie ernst steht es um Saxo? - Inside Paradeplatz (link is in German)

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