London's One Financial Markets has confirmed that business is carrying on as normal following a day of extremely high volatility in the pairs associated with the CHF
Read more"I am very pleased to be able to confirm, on one of the most volatile trading days ever to have existed, that BMFN did not suffer any damage from yesterday's Swiss National Bank intervention and we are stable, having turned a profit." - Luis Sanchez, CEO, BMFN
Read moreAlpari Group has put out a statement that the insolvency of Alpari UK, the FCA regulated arm of the Alpari Group, is separate and isolated from the rest of the Alpari Group. Other Alpari companies, including the flagship Alpari RU operation, are not affected by Alpari UK's closure. Alpari Group's statement follows - note the…
Read moreThis isn't a good sign. Shares of retail forex broker FXCM Inc (NYSE:FXCM) are trading in the Friday premarket at below $2 per share, about 85% off their closing price of $12.63 on Thursday. As at the time of writing FXCM's premarket price is sitting at about $1.90. The message is clear - traders do not…
Read moreSwitzerland's Dukascopy confirmed that it suffered no exposure as a result of yesterday's abandonment of the 1.20 EURCHF price floor by the Swiss National Bank, having implemented pre-emptive leverage restrictions in Oct 2014 in order to protect its customers should such an event occur
Read moreLondon's City Index, which was recently purchased by GAIN Capital for $118 million, has announced that it suffered no material damage as a result of the Swiss National Bank's decision to remove the 1.20 EUR/CHF floor, and that it is business as usual
Read moreIS Prime explained to LeapRate that many client losses in the industry were so pronounced yesterday was due to an absence of liquidity on the bid in EURCHF and USDCHF, meaning that clients could not close out positions. IS Prime was bid throughout the most volatile period of the day in both pairs.
Read more“In the next few days, weeks and months we will see regulators, central banks and financial companies looking at the way things unfolded and how the risk was managed and handled" - Phillippe Ghanem, Executive Managing Director, ADS Securities
Read moreLeapRate Exclusive... LeapRate has learned from industry sources that leading UK spreadbetting broker IG Group Holdings plc (LON:IGG) is looking to buy forex brokers and/or their client lists in the wake of yesterday's heavy losses suffered by many in the industry. IG itself reported £30 million in Swiss Franc trading related trading losses with clients. A…
Read moreThree major industry figures have assumed positions on the arbitration committee of Russia's KROUFR
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