As the dust settles over the biggest crisis in two decades of retail OTC trading, our unique data suggests some interesting insight into how players all across the industry were, and still are, affected by the turmoil.
In a day that has become infamous with brokers and traders alike, January 15, 2015 saw the abrupt abandonment of the Swiss National Bank’s (SNB) currency peg, convulsing markets worldwide. When the Black Swan erupted with dramatic events unfolding one after the other, our focus was on breaking the fast pace news. Now, however, as the dust begins to settle and the new shape of the market takes form, a comprehensive in depth look is warranted.
Sleeping at the Wheel?
Whether it was the lulled false sense of security earlier in the week by the SNB, further championing its currency peg with the Swiss franc and the euro at 1.20, or an outright absence of risk management by brokers, it is clear there were some very definitive winners and losers.
In a stroke of utter chaos, traders found their screens go dark as CHF trading seemingly went down at a variety of brokers, culminating in the absence of orders being filled and the crumbling of accounts into negative territory that has still not seen a resolution. Furthermore, industry mainstays like FXCM and Alpari UK found themselves facing bailouts and in the latter instance, outright insolvency.
Navigating Through the Price Chop
On the back end of the Swiss black swan event, concerned traders and market participants got a ticket to stress test their strategies and brokers. Additionally, brokers finally received the opportunity to stress test their technology, Liquidity providers and infrastructure.
The resulting mess will be discussed for many more months, while many legal cases could take years before resolution. The epic dismay across the industry from the event has once again exposed the short memory of financial industry participants when it comes to black swan events.
Winners and Losers
With the unfolding of events and the subsequent fallout, the industry has been forever changed with the memory of the CHF volatility burned into the psyche of traders and brokers worldwide.
The latest Forex Magnates Research report, "Extreme yet Foreseeable - The Swiss National Bank Crisis", recounts the game-changing event providing both the context of the event and the full data of the market movements it stirred. No less important, the report delineates the post-SNB forex industry with an eye on future developments . The exclusive and in-depth Swiss Franc Report is available now. To obtain a copy please contact sales@forexmagnates.com.
In a day that has become infamous with brokers and traders alike, January 15, 2015 saw the abrupt abandonment of the Swiss National Bank’s (SNB) currency peg, convulsing markets worldwide. When the Black Swan erupted with dramatic events unfolding one after the other, our focus was on breaking the fast pace news. Now, however, as the dust begins to settle and the new shape of the market takes form, a comprehensive in depth look is warranted.
Sleeping at the Wheel?
Whether it was the lulled false sense of security earlier in the week by the SNB, further championing its currency peg with the Swiss franc and the euro at 1.20, or an outright absence of risk management by brokers, it is clear there were some very definitive winners and losers.
In a stroke of utter chaos, traders found their screens go dark as CHF trading seemingly went down at a variety of brokers, culminating in the absence of orders being filled and the crumbling of accounts into negative territory that has still not seen a resolution. Furthermore, industry mainstays like FXCM and Alpari UK found themselves facing bailouts and in the latter instance, outright insolvency.
Navigating Through the Price Chop
On the back end of the Swiss black swan event, concerned traders and market participants got a ticket to stress test their strategies and brokers. Additionally, brokers finally received the opportunity to stress test their technology, Liquidity providers and infrastructure.
The resulting mess will be discussed for many more months, while many legal cases could take years before resolution. The epic dismay across the industry from the event has once again exposed the short memory of financial industry participants when it comes to black swan events.
Winners and Losers
With the unfolding of events and the subsequent fallout, the industry has been forever changed with the memory of the CHF volatility burned into the psyche of traders and brokers worldwide.
The latest Forex Magnates Research report, "Extreme yet Foreseeable - The Swiss National Bank Crisis", recounts the game-changing event providing both the context of the event and the full data of the market movements it stirred. No less important, the report delineates the post-SNB forex industry with an eye on future developments . The exclusive and in-depth Swiss Franc Report is available now. To obtain a copy please contact sales@forexmagnates.com.
UK Chancellor Jeremy Hunt Clashes with FCA over Controversial “Name and Shame” Policy
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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