CHF mayhem claims hedge fund victim in Everest Capital’s Global Fund LeapRate

January 18, 2015 BY Mike Fox

CHF mayhem claims hedge fund victim in Everest Capital's Global Fund

The fund had about $830 million in assets at the end of 2014, according to a client report cited by Bloomberg.

January 18, 2015 BY Mike Fox

Cyprus is requesting investment firms to report any ill effects of Swiss Franc move

CySEC "requests" CIF designated investment firms which includes all Forex brokers on the EU regulated island to report any adverse effects from CHF spike aftermath by Tuesday, 1/20/15

January 18, 2015 BY LeapRate Staff

ETX Capital reports it is unaffected by Swiss Franc move

UK multi-asset broker ETX Capital has released a brief statement on its position following Thursday's mega-move in the Swiss Franc: ETX Capital Unaffected by Movement in Swiss Franc ETX Capital is pleased to confirm that its financial position is unaffected following the extreme movement in the price of the Swiss Franc yesterday. The company is experiencing…

January 17, 2015 BY LeapRate Staff

Is Alpari UK insolvent? Apparently no, as other options are being considered

So is it, or isn't it? Alpari UK has issued a new statement on its website, contradicting what it had itself posted on Friday. On Friday, Alpari UK indicated that it had entered insolvency following losses suffered in the Swiss Franc mega-move Thursday. Alpari UK's new statement (repeated below) on its website states that Alpari UK…

January 17, 2015 BY LeapRate Staff

Advanced Markets reports it weathered extreme market volatility

Liquidity and DMA pioneer Advanced Markets has issued a statement on the CHF market volatility. Advanced Markets has stated that it weathered the extreme market volatility late last week with only a few minor issues. Advanced Markets' official statement reads as follows: Advanced Markets Statement re CHF Volatility January 16, 2014--Advanced Markets, a provider of prime of…

January 17, 2015 BY LeapRate Staff

Markets.com reports business as usual, forgiving clients' negative equity balances

Another retail forex broker reporting on its post-Swiss Franc crisis position is Cyprus-based broker Markets.com. Markets.com is a subsidiary of CySEC-regulated Safecap Investments Limited, ultimately controlled by Israeli online magnate Teddy Sagi. Markets.com reports 'business as usual', and that the company actually had a profitable trading day in Thursday's session. In addition, the company stated that it is forgiving…

January 17, 2015 BY Andrew Saks-McLeod

FXDD minimally impacted by Thursday's CHF volatility, confirms business as usual

All trading operations and customer service functions within FXDD are at full capacity following Thursday’s action by the Swiss National Bank

January 17, 2015 BY Andrew Saks-McLeod

Boston Technologies and its liquidity provider Boston Prime fully operational after Thursday's monumental CHF volatility

“This is a very challenging time for the industry and we will undoubtedly see the entire industry re-shaped following this historic market event”, said Natallia Hunik, Vice President of World Wide Sales at Boston Technologies Powered by Forexware

January 17, 2015 BY Mike Fox

BATS in talks to buy KCG's Forex trading platform Hotspot

KCG owns a 16.5% stake in privately held BATS and has said on several occasions that it will consider selling the stake for the right price.

January 16, 2015 BY Maria Nikolova

Leucadia extends $300m in financing to FXCM

Leucadia National Corp. (NYSE:LUK), the New York-based financial conglomerate, will provide $300m in financing to FXCM Inc (NYSE:FXCM), the retail FX giant, allowing it to stay afloat and keep operations. The investment is done in the form of a $300 million senior secured term loan with a two-year maturity and an initial coupon of 10%.…