Tag: liquidity

January 16, 2015 BY Mike Fox

Official FXCM comments on Swiss Franc spike - may be in breach of some regulatory capital requirements

FXCM 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…

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