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 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 Black Swan A Black Swan event is most commonly associated with an unforeseen calamity or event. In its most basic form, this event results in disastrous consequences for multiple parties, markets, or individuals and are characterized as extraordinarily rare in frequency, yet are seemingly predictable in retrospect. In the foreign exchange space, the most noteworthy of these events in recent memory was the Swiss National Bank (SNB) crisis which roiled currency markets back on January 15, 2015.During this in A Black Swan event is most commonly associated with an unforeseen calamity or event. In its most basic form, this event results in disastrous consequences for multiple parties, markets, or individuals and are characterized as extraordinarily rare in frequency, yet are seemingly predictable in retrospect. In the foreign exchange space, the most noteworthy of these events in recent memory was the Swiss National Bank (SNB) crisis which roiled currency markets back on January 15, 2015.During this in Read this Term 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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term 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