This isn't a good sign. Shares of retail forex broker FXCM Inc (NYSE:FXCM) are trading in the Friday premarket at below $2 per share, about 85% off their closing price of $12.63 on Thursday. As at the time of writing FXCM's premarket price is sitting at about $1.90. The message is clear - traders do not…
Read moreThursday's results? FXCM down 15%, Gain Capital down -8%, IG Group off 4%, Plus500 down 4%, Swissquote down 4%
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 moreOur take: it doesn't take much to make investors nervous in this market. But those following FXCM should be more focused on their growing volumes and client assets than what amounts to a near-term price cut.
Read moreUS retail forex isn't dead yet, as American traders joined the world trading wave as volatility peaked in Q4.
Read moreHow does the valuation here compare with FXCM's purchase of FXDD's US clients a few months ago?
Read moreThe first real trading day of 2015 (not counting the light post New Years session on Friday) saw the year kick off in the red Monday, and with heightened volatility across all instrument types: The Dow Jones Industrial Average (INDEXDJX:.DJI) dropped 331 points and the S&P 500 (INDEXSP:.INX) was off 37, marking a more-than 1.8% fall…
Read moreIt has been quite a year in the forex industry in 2014. We're exiting the year with near-record volatility in key currency pairs such as the EURUSD and EURCHF, as well as Yen and Ruble pairs. The USD is at multi-year highs, while Crude Oil is at multi-year lows. Valuations of publicly traded forex brokers…
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