ChoiceFX system melt down this week, which FCM lost tens of millions of dollars?

[fxwarrior01]

The ChoiceFX system had a melt down this week, one of the major FCMs got whacked many tens of millions of dollars due to the system failure. Does anyone know which firm got hit? IBFX? FXDD? GAIN? etc?

 

[Gcapman]

Take a guess:

Choice FX platform currently has close to 25 connections to different liquidity vendors in the industry that are ready to go at a moments notice.

Here is a list of some of feeds available right now:

Bank of America
Barclays
Baxter
CAX
Citibank
CitiFX
Currenex
Deutsche Bank
DBFX
Dresdner Bank
Ducas Bank
FXDD
FXCM
Hotspot Institutional
Goldman
IFX Markets
Integral
JDFX
JPMorgan
Lava
Merrill Lynch
Morgan Stanley
Nomura Bank
RBS
UBS
Saxo Bank
Scandi Bank

 

[Kevin Schmit]

Quote from fxwarrior01:

The ChoiceFX system had a melt down this week, one of the major FCMs got whacked many tens of millions of dollars

Can you provide any more information on this alleged melt down?

So far you are the only one reporting it, on multiple forums.

As a long term member of ET with thousands of informative posts to your name, you have a lot of credibility here.

 

[puretruth]

Quote from Gcapman:

Take a guess:

Choice FX platform currently has close to 25 connections to different liquidity vendors in the industry that are ready to go at a moments notice.

Here is a list of some of feeds available right now:

Bank of America
Barclays
Baxter
CAX
Citibank
CitiFX
Currenex
Deutsche Bank
DBFX
Dresdner Bank
Ducas Bank
FXDD
FXCM
Hotspot Institutional
Goldman
IFX Markets
Integral
JDFX
JPMorgan
Lava
Merrill Lynch
Morgan Stanley
Nomura Bank
RBS
UBS
Saxo Bank
Scandi Bank

What brokers offer this platform and what are the minimums ?