The Swiss National Bank acted swiftly with no former warning in removing the 1.20 peg on EURCHF, causing industry-changing market volatility. Left wing Swiss politicians want to see more accountability to the government sector
Read moreAlluding to Switzerland's decision to remove the 1.20 peg on EURCHF last month having been an effort to shore up the nation's vault-like economy, Switzerland's FX reserves have risen by CHF 11 billion in February, an all time high in the first whole month since the dramatic move by the country's central bank
Read moreRetail Forex broker EXNESS has joined the growing group of companies taking extra measures to limit currency trading risks by adjusting margin requirements on certain trading instruments. The company has announced that it will raise margin requirements on a number of pairs, starting from February 16, 2015, with the changes applying to all trading account…
Read moreBrokers apt to start to normalize leverage on swissy related crosses as the CHF spike aftermath cools off a bit, however the Chinese renminbi, a pegged currency itself sees margin requirements raised
Read moreDue to the rising value of the franc, Switzerland's Julius Baer may consider reducing its payroll by 200, however profits are continually increasing, and the firm may capitalize by looking to conduct a deal similar to that of its acquisition of Merrill Lynch's wealth management division, in that publicly listed companies that report their performance in other currencies than francs are of interest
Read moreFXCM Global Head of Dealing Eduard Yusupov had pledged 1.2 million units of FXCM Inc (NYSE:FXCM) stock with a broker as collateral on a margin loan facility. As a result of the events of January 15, the broker foreclosed on the collateral, which has now been sold for $2.43 million. Prior to January 15, this amount of FXCM shares would have been worth closer to $20 million
Read moreThe company has raised the amount of collateral investors have to post upfront, as a percentage of the trade by 3%, on average, on currencies from the Colombian peso to the Indian rupee
Read moreA report by the Wall Street Journal states that JPMorgan, by contrast to many interbank FX dealers and market participants, recorded a gain of between $250 million and $300 million following the sharp appreciation of the Swiss franc on January 15 this year
Read moreAlpari RU has issued a statement today confirming that clients can withdraw and deposit funds via Skrill following temporary suspension
Read moreSwiss National Bank Vice President Jean-Pierre Danthine has stated that if the currency peg on the Swiss franc had been maintained, the cost would have been 100 billion Swiss francs (73 billion pounds) to defend this month alone, and that the central bank is ready to intervene once again. Meanwhile the eurozone concerns continue, with £6 billion having been withdrawn from Greek banks since yesterday's election
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