FXCM to discontinue 13 currency pairs as risk mitigation continues

Following today’s release of a comprehensively upgraded Trading Station platform, FXCM Inc (NYSE:FXCM) has made a further announcement today which states that as of Friday, February 20, the company will discontinue trading on 13 currency pairs.

If traders still hold open positions on February 20 on the currency pairs concerned, they will be liquidated prior to market close. Should a client currently have a pending order to open a position in the below pairs, the order will be deleted prior to market close on February 6, 2015.

The pairs to be discontinued are:

As a result of recent developments in Denmark where the government is taking measures to maintain its currency peg with the Euro, FXCM no longer offers the USD/DKK or EUR/DKK currency pairs for trading as of Monday, February 2nd, 2015 at 5pm EST, a measure which Australian FX companies AxiTrader and Pepperstone took with the Hong Kong dollar and the Danish Krone (HKD and DKK) earlier this month.

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