Forex Weekly Look Back: SNB Swiss Franc fallout continues as brokers scramble, January volumes also looking up

A look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate articles Sign up to our Daily Forex Industry Newsletter on the right. →

Last week the Swiss Franc fallout continued as brokers scrambled to report capital requirements to their respective regulators. Also it seems sales teams such as the mentioned XTB promotion below are gearing up to absorb clients from Alpari UK after the firm entered administration along with it’s Japanese subsidiary. Meanwhile, regulators in the USA we’re keen to clamp down on leverage on some key FX pairs…for now.

Hopefully the increase in margin requirements is only limited to the U.S and just temporary from the NFA. Seeming that most of the industry come out just fine through the Swiss Franc spike but with a much needed wake-up call. Moreover, it was firms with weak risk controls or those who did not implement proper risk management who got caught with their pants down, i.e not adjusting leverage in EUR/CHF with the floor hovering over the pair’s head before-hand, not the fault of traders/investors.

To check out all the highlighted weekly review stories, click on the short links below:

FCA/Copy Trading |
FXPIG/cTrader |
Alpari UK administration |
FXCM-Leucadia deal |
India’s GIFT SEZ-IFC |
CLS Record Volume |
Saxo Bank’s Steen Blaafalk |
XTB launches ‘Alpari bonus’ |

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