Switzerland'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 moreFXCM Inc (NYSE:FXCM) announced today that due to unprecedented volatility in the EUR/CHF pair after the Swiss National Bank announcement Thursday morning, clients experienced significant losses, generating negative equity balances owed to FXCM of approximately $225 million. As a result of these debit balances, the company may be in breach of some regulatory capital requirements. FXCM states…
Read moreThe decision by the Swiss National Bank has prompted the biggest FX broker in Russia to switch trades with CHF pairs to “Close Only” mode.
Read moreFxPro decides to immediately halt all trading on CHF pairs...
Read moreAs the Swiss Franc true market value is being unleashed after the 1.20 euro peg dropped, spreads are whipsawing from liquidity providers anywhere from 50-100 pips in volatile trade
Read moreWith effect from January 12, 2015, Alpari will move the EURCHF pair to a new group designated FX Special, which includes amended margin requirements
Read moreWell that didn't take long. On the first trading day of 2015, ECB President Mario Draghi's comments sent the Euro plummeting toward the 1.20 line. Draghi told German newspaper Handelsblatt that more easing action was likely early this year, as the risks of deflation well outweighed those of inflation. With the Eurozone in a continued economic funk,…
Read moreApparently the SNB has decided it can't defend EURCHF 1.20 just by intervention.
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