FXCM owed $225 million by customers who lost on CHF

i bought FXCM yesterday in the after-market. expect the stock to go up nicely again when the news will be priced in on Monday.
Interactive Brokers also suffered losses around the same size, was down 10% yesterday on market open and recovered everything during the day.

by the way, why should it be FXCM's fault? ALL forex brokers suffered losses before yesterday (Citi, Deutsche, Saxo, IG,...). The only brokers who didn't lose (much) were the small bucket shops who don't have any clients (with sizeable accounts). :D
It's totally the snb's fault.
 
While many sustained losses, FXCM was the only U.S. Broker to be in a position of having inadequate capital to meet regulatory requirements; if not for the funding obtained, they would be out of business.

That has made it the focus of most news reports out of the U.S. Reports out of the U.K. focus on Alpari going bust.

http://www.bbc.co.uk/news/business-30846543
 
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