Breaking: FXCM Poised to Discontinue 13 ‘High Risk’ Currency Pairs

On the heels of earlier news surrounding a revamped platform, FXCM has announced that it will be discontinuing a total
Photo: Jeff Patterson

fxcm logoOn the heels of earlier news surrounding a revamped platform, FXCM has announced that it will be discontinuing a total of thirteen exotic currency pairs on February 20, 2015, given the prevalent amount of respective risk associated with them.

The changes keep coming at FXCM, as earlier today the company unveiled a new version of its platform, aimed at delivering a new set of data to work with – this included Real Volume indicators, which will be available exclusively on FXCM’s own Trading Station platform.

With the memories of the Black Swan event still fresh in the minds of investors and FXCM, the company has opted to target thirteen exotic currency pairs that structurally are more prone to rampant fluctuations of volatility given their currency floors, pegs, or bands in place.

The pairs targeted for discontinuation include:

FXCM will discontinue trading on 13 currency pairs on Friday, February 20, 2015. Many of these exotic currency pairs carry significant risks due to over-active manipulation by their respective governments, either by having a floor, ceiling, pegs, bands, etc in place. As such, FXCM will be removing the 13 currency pairs below:

  • GBP/SEK
  • NOK/JPY
  • HKD/JPY
  • EUR/PLN
  • USD/ILS
  • CHF/SEK
  • SEK/JPY
  • USD/SGD
  • EUR/CZK
  • CHF/NOK
  • SGD/JPY
  • USD/PLN
  • USD/CZK

 

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