CHF mess

[destriero]

They have learned nothing from the BOE. But they were cagey enough to recover >20B in reserve-losses in a single day.

 

[destriero]

I know a lot of grid traders have been taking advantage of the CHF ceiling,

Heres one example at zulutrade

http://www.zulutrade.com/trader/145971?t=10000

ok, fringe degenerates gambling isn't really news.

 

[AdrianHagh81]

ok, fringe degenerates gambling isn't really news.

Funny thing is, the guy was number 1 at zulu trade last month in terms of AUM
Lol

 

[Rough Trade]

Lots of pain out there.. i would love to hear from my broker..

 

[atrocious]

Lots of pain out there.. i would love to hear from my broker..

FXCM on the hook for $225m in debit balances, who's next?

http://money.cnn.com/news/newsfeeds/articles/globenewswire/10115820.htm

 

[ExperiencedJoe]

FXCM on the hook for $225m in debit balances, who's next?

http://money.cnn.com/news/newsfeeds/articles/globenewswire/10115820.htm

Their clients owe them $225m. They are making a killing. Should buy some shares in them because they could pay it out as dividend.

 

[Rough Trade]

Excelmarkets goes bust..

Global Brokers NZ Ltd. STP's 100% of order flow and has sustained a total loss of operating capital.

https://www.excelmarkets.com/

 

[clacy]

Wow, that's rough. It is a great reminder to use reasonable leverage because you never know when a black swan event is going to hit. 30+% moves in a currency that is often leveraged 50-to-1 is a recipe for disaster.

 

[ExperiencedJoe]

Ok, now I understand the problem. People were not able to close their losing positions because of illiquidity, where a stop loss could not be executed. So basically they were exposed to unlimited loss. This kind of sh*t can happen to any currency and none of us are safe no matter how we protect ourselves.

I think countries with central banks doing this kind of stuff should be invaded by the rest of the world

 

[volpunter]

If I was a client of FXCM (which I am not and never was) I would think very hard and very long whether to maintain any significant funds with the firm. Their capitalization and funding looks to stand on incredibly shaky grounds.