EXNESS says business not significantly affected by CHF moves LeapRate

January 16, 2015 BY Maria Nikolova

EXNESS says business not significantly affected by CHF moves

Earlier today, international retail Forex broker EXNESS issued an announcement, explaining the consequences of the Swiss currency moves on the financial status of the company. Due to measures taken by the company regarding trading with all instruments featuring CHF, the business suffered a minimal impact from yesterday’s events: overall losses amounted to only 1.6% of EXNESS's…

January 16, 2015 BY Maria Nikolova

Trading in FXCM shares halted pending news

A quick note from the New York Stock Exchange where US retail FX giant FXCM (NYSE:FXCM) is listed. Trading in shares of the company was halted about an hour ago pending a news announcement. Shares in the FX broker were down as much as 88% after the press release stating the $225 million hit the…

January 16, 2015 BY Maria Nikolova

Swiss currency surprise brings new clients to Saxo Bank

Saxo Bank, the Danish based online multi-asset trading and investment specialist, is experiencing a fresh inflow of clients today in the aftermath of yesterday’s significant changes in the Swiss currency crosses. Steen Blaafalk, Global Head of Finance and Risk Operations, Saxo Bank A/S, said: “We have seen an increased number of new clients this morning…

January 16, 2015 BY Andrew Saks-McLeod

One Financial Markets unaffected by volatility in all markets linked to CHF

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

January 16, 2015 BY Andrew Saks-McLeod

Guest Editorial: Switzerland on the defensive?

In the aftermath of Switzerland's floor drop which created dramatic and unforeseen circumstances for FX market participants globally, is the Eurozone heading for quantitative easing?

January 15, 2015 BY Mike Fox

SNB decision forces Russia's Alpari to suspend trading with CHF pairs

The decision by the Swiss National Bank has prompted the biggest FX broker in Russia to switch trades with CHF pairs to “Close Only” mode.

January 15, 2015 BY Mike Fox

EXNESS switches trades with CHF pairs to “Close Only” mode

For the time being, EXNESS allows only closure of positions with trading instruments featuring the Swiss currency.

November 19, 2014 BY Mike Fox

Switzerland seen as delaying cap on the franc into 2017

“With monetary easing under way by the ECB and Swiss inflation still trending below target levels, the SNB will have to extend the currency cap against the euro into mid-2016 at the very least,” said Bernard Yaros, associate economist at Moody’s Analytics in West Chester, Pennsylvania.

September 02, 2014 BY Andrew Saks-McLeod

Saxo Bank to raise margin on CHF to 8% on Monday September 8

Saxo Bank set to issue a notification to all clients this evening that it will increase margin on CHF to 8% due to the spot market leaving the 1.2150-1.2250 range where it has been for most of 2014

June 20, 2013 BY Gerald Segal

Swiss National Bank to keep 1.20 per € cap

Retail forex trading among Swiss traders has dropped off since September 2011 cap was put in place, killing CHF volatility. The Swiss National Bank (Switzerland's central bank), in its periodical Monetary policy assessment, has announced plans to keep its CHF 1.20 per Euro cap in place, and will not allow the Swiss Franc to strengthen below…

Tag: CHF