Tag: swiss franc move

January 16, 2015 BY LeapRate Staff

IronFX reports strong risk management systems left it unaffected by Swiss Franc move

Another forex broker in the business-as-usual camp following yesterday's Swiss Franc move is IronFX. IronFX's statement on the effects of the Swiss Franc move yesterday: Following yesterday’s exceptional market events due to the Swiss National Bank’s abandonment of its EURCHF floor, many brokers have experienced major losses in their trading book. IronFX Global Limited was…

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January 16, 2015 BY LeapRate Staff

LMAX reports business as usual following extreme CHF volatility

LMAX Exchange has issued a release stating that it is 'business as usual' following the extreme market volatility caused by the discontinuation of the CHF peg by the SNB. LMAX says that the only changes are temporary increased margins of 10% on EURCHF and USDCHF and 5% on other CHF crosses. CEO David Mercer commented: Thursday…

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