Thursday, January 15, 2015

2 FX Brokers Suffer “Significant Losses” After SNB Surprise, “In Breach Of Regulatory Capital Requirements”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. zerohedge.com / by Tyler Durden on 01/15/2015 20:44 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.



2 FX Brokers Suffer “Significant Losses” After SNB Surprise, “In Breach Of Regulatory Capital Requirements”Read more about 2 FX Brokers Suffer “Significant Losses” After SNB Surprise, “In Breach Of Regulatory Capital Requirements”

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