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Saxo Bank's Risk Holds, as Low Leverage on CHF Pairs Enforced Since September
- Forex Magnates reached out to Steen Blaafalk, Chief Financial & Risk Officer at Saxo Bank A/S for his take on the recent fallout surrounding the SNB’s abandonment of its peg along with its impact on Saxo Bank.
Friday, 16/01/2015 | 12:12 GMT by
Victor Golovtchenko
CMC Markets, City Index Business Perseveres despite CHF Convulsion
- As market participants learn of the fate and casualties surrounding some of the industry’s biggest names in FX, other players such as CMC Markets have indeed survived the dilemma despite marginal losses.
Friday, 16/01/2015 | 11:38 GMT by
Jeff Patterson
IC Markets and Darwinex Soldier Forth despite Minimal Losses and Setbacks
Friday, 16/01/2015 | 10:52 GMT by
Jeff Patterson
Alpari UK First Major Casualty to CHF, LCG Group Facing up to $2.5 Million Losses
Friday, 16/01/2015 | 10:38 GMT by
Victor Golovtchenko
Alpari UK Confirms Insolvency Procedure, Client Funds in Segregated Accounts
Friday, 16/01/2015 | 10:18 GMT by
Victor Golovtchenko
“Business as Usual” at LMAX Exchange Following CHF Catastrophe
- Rampant volatility of the Swiss franc (CHF) has left brokers like FXCM and IG Group to incur substantial hits to their business – however, LMAX Exchange appears to be an oasis of calm, ensuring clients that it is “business as usual”.
Friday, 16/01/2015 | 10:17 GMT by
Jeff Patterson
ADS Securities Sees Record Trading Day, Calls for the Industry to Work Together
- Yesterday’s decision by the Swiss National Bank (SNB) convulsed the FX industry – however, ADS Securities’ Executive Managing Director Philippe Ghanem has seen this as an opportunity for the industry to work together.
Friday, 16/01/2015 | 09:54 GMT by
Jeff Patterson
CPattern Integrates TRADING CENTRAL’s Utility on Its Guardian Angel Platform
- CPattern Ltd, a real-time trading behavior analytics service provider has announced a partnership to integrate TRADING CENTRAL’s technical analysis on its Guardian Angel platform for FX traders.
Friday, 16/01/2015 | 09:32 GMT by
Jeff Patterson
FxPro 'Remains Solidly Capitalized' in the Aftermath of the SNB Debacle
Friday, 16/01/2015 | 09:12 GMT by
Victor Golovtchenko
The Writing Was on the Wall: How the EUR/CHF Gap Hit Brokers with Massive Client Defaults
- The huge risk I saw was to STP brokers, like AxiTrader. When I ran through a stress test of what would happen if the SNB gave up its peg (by stopping their policy of buying an unlimited amount of EUR at 120 CHF) I was shocked.
Friday, 16/01/2015 | 07:31 GMT by
FMAdmin Someone
Swissquote Sets Aside CHF 25 Million Due to Swiss Franc Volatility
Friday, 16/01/2015 | 06:54 GMT by
Victor Golovtchenko
OANDA and Pepperstone Issue “Business as Usual” Remarks
- While there undoubtedly was an effect from the Swiss National Bank dropping its EUR/CHF peg on the books of the companies, those have not been material when it comes to OANDA and Pepperstone.
Friday, 16/01/2015 | 06:24 GMT by
Victor Golovtchenko
FXCM Announces Massive $225 Million Client Negative Balance Hit Due to CHF Volatility
- FXCM is suffering an unprecedented capital hit due to client negative balances reaching $225 million. The losses put the broker in breach of some regulatory capital requirements which they are working on to cover.
Friday, 16/01/2015 | 05:11 GMT by
Ron Finberg
Cürex Group Taps David Morrisroe as Managing Director – EMEA
- David Morrisroe has landed at Cürex Group as its newest Senior Sales executive, joining the FX technology provider from Royal Bank of Scotland (RBS) where he worked as the Head of FX in North America.
Friday, 16/01/2015 | 00:02 GMT by
Jeff Patterson
Societe Generale Appoints Veit as Corporate Finance Head, M&A – Germany
- Societe Generale announced the recruitment of Dieter Veit as its newest co-Head of Corporate Finance and Head of Mergers and Acquisitions (M&A) in Germany, whose appointment is effective immediately.
Friday, 16/01/2015 | 00:01 GMT by
Jeff Patterson
Swiss Currency Crisis Extends - FX Broker Excel Markets Forced to Close Shop
- New Zealand regulated broker-dealer, Excel Markets, has reported that it will be halting operations. The STP broker was unable to meet client losses held at its liquidity providers.
Thursday, 15/01/2015 | 23:49 GMT by
Adil Siddiqui
CHF Mishap Results in CFD Brokers Altering Their Margin Requirements on Swiss Share CFD
- CFD providers were forced to amend their margin requirements for CFDs on Swiss stocks. London-based CFD firm, Ayondo, increased the margin on Swiss equity CFDS to 10% as market volatility drove down prices.
Thursday, 15/01/2015 | 22:00 GMT by
Adil Siddiqui
GAIN Capital and Plus500 Report ‘No Material Impact’ from Swiss Franc Volatility
Thursday, 15/01/2015 | 21:05 GMT by
Ron Finberg
BGC Responds to CME for GFI Acquisition - Raises Contingent & Non-Contingent Offers
- The on-going battle between financial giants, BGC and CME, for the purchase of GFI continues, with 3 offers within a 48-hour period. BGC countered CME’s latest offer and increased its all-cash tender offer to $5.85 and $5.75 per share.
Thursday, 15/01/2015 | 19:21 GMT by
Adil Siddiqui
Dukascopy Bank Starts Offering CFDs to Its White Labels
Thursday, 15/01/2015 | 18:56 GMT by
Victor Golovtchenko
BitQuick Goes MultiSig, Partners with BitGo for Its P2SH Addresses
Thursday, 15/01/2015 | 16:27 GMT by
Leon Pick
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