Gallant Capital Markets is interested in acquiring companies which fell foul of the removal of the 1.20 floor on EURCHF by the Swiss National Bank yesterday
Read moreCitigroup Inc (NYSE: C), the world's biggest interbank currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported. The losses took place on Citi's trading desks and are not tied to its relationships with currency trading services provider FXCM Inc and…
Read moreMB Trading, the financial brand uniting Manhattan Beach Trading Financial Services, Inc. and MB Trading FX, announced today it had felt a minimal impact from the Swiss National Bank (SNB) surprise action on Thursday morning. There are no consequences for the group's capital and its ability to meet regulatory capital requirements, the US online trading…
Read moreIn the light of the recent events around the Swiss Franc, the Russian Ruble crisis might seem to many as a long-forgotten dream. And yet, trading with RUB pairs remains suspended or heavily restricted at numerous Forex companies. The situation with Ruble liquidity seems to be getting back to normal at Russia's Forex broker Alpari,…
Read moreIntercontinental Exchange, the leading global network of exchanges and clearing houses, today announced that ICE Futures Europe reached a daily volume record of 199,692 contracts in Three Month Euro Swiss Franc (Euroswiss) futures on January 15, 2015. The previous record of 194,340 contracts was set on December 4, 2012. The record volume in the ICE…
Read more"...yesterday’s event is truly historical and for most of us it is difficult to comprehend. It will have a major impact on the industry moving forward." - Lars Holst, CEO, CFH Clearing
Read moreThink Liquidity's Managing Director Jeff Wilkins explains how to take account of the aftermath of the EUR CHF price situation, and how to manage risk to avoid such exposure, emphasizing that regulators may attack this with a hatchet and not a scalpel
Read moreToronto headquartered OANDA hunkers down and has declined opportunities to purchase rivals, while UK based CMC Markets and Monex's TradeStation brand report no significant impact from CHF aftermath
Read moreSince at LeapRate we try to provide you with a comprehensive and detailed picture of the aftermath of Swiss franc fireworks on Thursday, we cannot skip to mention the position of at least one German Forex broker, given the core role the German economy plays for the eurozone and Europe as a whole. A representative…
Read moreAccording to a report by Bloomberg, quoting people with knowledge of the matter, Jefferies Group has entered discussions with FXCM Inc. (NYSE:FXCM) to provide the retail FX broker with $200 million in cash assistance. As LeapRate reported earlier, the US retail FX giant has suffered a $225 million hit due to the adverse trading of…
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