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 it it actively discussing alternatives to return its capital to levels prior to Thursday’s events and is discussing the matter with regulators.
To view the official press release from FXCM, click here.
More to follow… Stay tuned to LeapRate for coverage.