Leucadia National Corp. (NYSE:LUK), which extended a $300 million loan to FXCM Inc (NYSE:FXCM) in January 2015, following the “Black Thursday” events associated with the Swiss franc spike, has posted its report for the first quarter of 2016, with the document providing an update on the status of the loan repayment and Leucadia's investment in the…
Read moreThe following is a special guest post by FCA-regulated Forex and CFD broker Hantec Markets, on the one-year anniversary of last year's surprise Swiss Franc spike. [divide] Black Swanniversary For a while, the export driven economy of Switzerland has been hamstrung by the strength of the Swiss franc as its major trading partner, the Eurozone,…
Read moreIt wasn't only retail forex brokers which got hit hard from the January Swiss Franc spike. The removal of an implied floor on the Franc by the Swiss National Bank back on January 15 - which sent the Swiss Franc soaring more than 20%+ against most other currencies - came as a surprise to many in…
Read moreDukascopy believes these measures will eliminate repetition of Alpari/FXCM scenarios and will not influence the large majority of the group's retail clients.
Read moreThe SNB's just-released Q1 report shows an overall loss of CHF 30 billion ($31 billion), almost all due to foreign currency action.
Read moreGlobal retail forex trading activity rose to $346 billion per day following February’s decline, as brokers re-instituted leverage to higher levels and volatility cooperated.
Read moreBrokers, traders and regulators are each reexamining the dangers of excessive leverage as the forex industry continues to consolidate and adapt to a new environment.
Read moreEarlier today Baker Tilly, the special administrators of troubled UK FX broker LQD Markets, published a detailed report and proposals regarding the company. The report revealed a raft of worrisome financial metrics, with the ones that are particularly stunning concerning the size of the deficit on client monies. Baker Tilly administrators say that on January…
Read more