brokers
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
FxPro 'Remains Solidly Capitalized' in the Aftermath of the SNB Debacle
Friday, 16/01/2015 | 09:12 GMT by
Victor Golovtchenko
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
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
Dukascopy Bank Starts Offering CFDs to Its White Labels
Thursday, 15/01/2015 | 18:56 GMT by
Victor Golovtchenko
Industry Impact: Swiss Black Swan Storms through Currency Markets
- After the Swiss National Bank threw a bomb at the forex markets once in September 2011, today it has done it again, causing a Black Swan event of epic proportions, which could prompt a number of industry-wide changes.
Thursday, 15/01/2015 | 16:23 GMT by
Victor Golovtchenko
Breaking: IG Group Facing Losses up to £30 Million, Tip of Industry CHF Volatility Losses?
- The first brokerage to publicly announce unforeseen losses from the extreme volatility event after this morning's Swiss franc debacle induced by the SNB, was London Stock Exchange listed IG Group.
Thursday, 15/01/2015 | 14:33 GMT by
Victor Golovtchenko
Flash Crashes, Important Reminders and Daily Market Update
- We are happy to launch a daily series with our latest guest contributor on board, FX Analytics' John Putman II. John will share his analysis providing both live updates and his own insights about the market.
Thursday, 15/01/2015 | 14:29 GMT by
FMAdmin Someone
EUR/CHF Crash Leads Brokers to Halt Trading in CHF Pairs
- At FXCM, the prices of CHF crosses have not been updated from about 4:30am Eastern US Time. Support representatives are advising clients who were negatively impacted to log audits using the subject line, “Price freeze.”
Thursday, 15/01/2015 | 14:03 GMT by
Avi Mizrahi
Manchester City Signs a Multi-Year Global Partnership Deal with FXPrimus worth $2 Million a Year
- The English Premier League champion football club has become the latest high profile sports team to announce an official partnership with a broker. The deal gives FXPrimus extensive marketing and promotional rights.
Thursday, 15/01/2015 | 11:19 GMT by
Avi Mizrahi
Was the Selloff in FXCM Shares Overdone following Their Q4 Guidance?
- Shares of FXCM were down nearly 11% yesterday after the broker announced that retail revenues per million dollars traded was lowered to around $70 from the $75-$80 range the broker had forecast to investors.
Thursday, 15/01/2015 | 10:38 GMT by
Ron Finberg
Breaking: EUR/CHF Nosedives as SNB Abandons Floor, Freezing Trading Platforms
- Trading platforms at a number of brokerages go haywire, with prices on the EUR/CHF ranging between 1.02 and 1.17, for the time being there is no definitive information on where the Swiss franc is trading to the euro.
Thursday, 15/01/2015 | 09:53 GMT by
Victor Golovtchenko
London Capital Group's Revenues Accelerated during the Fourth Quarter of 2014
- Revenues accelerated during Q4, with £13.9 million at the end of the third quarter ending 30 September 2014 and the balance of £8.6 million in the fourth quarter ending 31 December 2014.
Thursday, 15/01/2015 | 08:07 GMT by
Avi Mizrahi
FXCM Upgrades Trading Station to Include New Indicators and Charting
- FX traders are expected to take heed of new indicators and trading tools under FXCM’s planned upgrade to its trading terminal. Trading Station will undergo a scheduled upgrade on the 16th of January with several new features.
Wednesday, 14/01/2015 | 21:43 GMT by
Adil Siddiqui
Market Volatility Pushes US Retail Forex Up 4.3% in November
- The american's regulator's metrics reflects an uptake in the total value of client funds in the retail sector, most notably at FXCM, Interactive brokers and KCG. Total funds topped $630 million.
Wednesday, 14/01/2015 | 18:53 GMT by
Adil Siddiqui
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