In a re-run of the catastrophic trading losses that occurred around the Russian Ruble collapse last month (as we described here and here in great detail), two FX brokers (US-based FXCM and New Zealand-based Excel Markets) announced tonight that they “can no longer meet regulatory minimum capitalization requirements," due to "significant losses" suffered by clients. For FXCM these losses mean a $225 million negative equity balance and they are actively discussing alternatives with regulators. For Excel Markets, it is over... "we will not be able to resume business...Client positions will be closed within the next hour."
*FXCM: CLIENTS EXPERIENCED SIGNIFICANT LOSSES AFTER SNB MOVE
*FXCM: NEGATIVE EQUITY BALANCES OWED TO FXCM ABOUT $225M
*FXCM: MAY BE IN BREACH OF SOME REGULATORY CAPITAL REQUIREMENTS
*FXCM DISCUSSING ALTERNATIVES TO RETURN CAPITAL TO PRIOR LEVELS
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IG 45mil down???
FXpro Down xxmil down????
EXcel Market XXmil down???
1Trader IN HK 7 figure down
Group of trader IN CN down from$20000-150000 reported down 457traders (only one group)
12traders gain from $1000-160000
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what a day SNB.........
*FXCM: CLIENTS EXPERIENCED SIGNIFICANT LOSSES AFTER SNB MOVE
*FXCM: NEGATIVE EQUITY BALANCES OWED TO FXCM ABOUT $225M
*FXCM: MAY BE IN BREACH OF SOME REGULATORY CAPITAL REQUIREMENTS
*FXCM DISCUSSING ALTERNATIVES TO RETURN CAPITAL TO PRIOR LEVELS
------------------------------------------------------------------------------------
IG 45mil down???
FXpro Down xxmil down????
EXcel Market XXmil down???
1Trader IN HK 7 figure down
Group of trader IN CN down from$20000-150000 reported down 457traders (only one group)
12traders gain from $1000-160000
-------------------------------------------------------------------------
what a day SNB.........
