Post FXCM - News and the Regulatory Landscape

J

justrading

We've got a few threads spread around the forums with some overlapping discussions. Hopefully those interested see this.

Here are a couple of interesting articles with news of the CHF fallout and some views on the Regulatory Landscape looking ahead.

It seems GAIN Capital turned a profit from this debacle, so while we keep hearing of the losses, some made money as is to be expected.

http://www.bloomberg.com/news/2015-...l?hootPostID=0c9b805f3a48f0f1c9392565261a3be2

http://www.reuters.com/article/2015...EH20150117?feedType=RSS&feedName=businessNews
 
Thanks for hijacking my post: http://www.elitetrader.com/et/index...s-raises-300m-in-capital.289036/#post-4074153

May I suggest to keep the discussion centralized at one thread rather than copying other's links and opening new threads?

justrading said:
We've got a few threads spread around the forums with some overlapping discussions. Hopefully those interested see this.

Here are a couple of interesting articles with news of the CHF fallout and some views on the Regulatory Landscape looking ahead.

It seems GAIN Capital turned a profit from this debacle, so while we keep hearing of the losses, some made money as is to be expected.

http://www.bloomberg.com/news/2015-...l?hootPostID=0c9b805f3a48f0f1c9392565261a3be2

http://www.reuters.com/article/2015...EH20150117?feedType=RSS&feedName=businessNews
More...
 
I did not copy the link, I had it bookmarked since last night but did not have time to post. Stop being presumptuous, I have Bloomberg and Reuters on my Twitter feed. I don't have time to follow all the threads on this and if I have duplicated then I'm sorry.

The discussions are diverse so having a single thread would be unfocused. As the title here says, it's news including from beyond America, and more importantly the regulatory landscape.
 
If this is correct one has to wonder how many had advance warning.

"Similarly, a forex options trader at a large brokerage who trades on the CME floor in Chicago said his firm stopped trading options in the Swiss franc a few weeks ago because overall volumes were increasing, leading the firm to think something was imminent. CME volume in Swiss franc futures in December was 1.15 million contracts, up 38 percent from November and 64 percent greater than December 2013."

http://finance.yahoo.com/news/hedge-funds-speculators-face-big-171046985.html
 
Just found the timing a little curious: I posted both links, same identical topic a short while ago.

Re advance notice, of course will all the tinfoil hat wearing clowns come out and try to make assumptions about who knew what when. But suggesting anyone received advance notice and acted upon this weeks ago is ludicrous. I held a long 120 million eurchf position into the Gold referendum in Switzerland, made a lot less than I thought the underlying risk required to make and squared my positions in early december. I also received advance notice? You can make a point when you see someone seconds, minutes, or hours prior to the announcement. Even for that you better have rock-solid backup on the data side.

justrading said:
If this is correct one has to wonder how many had advance warning.

"Similarly, a forex options trader at a large brokerage who trades on the CME floor in Chicago said his firm stopped trading options in the Swiss franc a few weeks ago because overall volumes were increasing, leading the firm to think something was imminent. CME volume in Swiss franc futures in December was 1.15 million contracts, up 38 percent from November and 64 percent greater than December 2013."

http://finance.yahoo.com/news/hedge-funds-speculators-face-big-171046985.html
More...
 
Nothing sinister about the timing, I woke up and did my emails and checked sites and feeds, that's all. As I said, sorry for duplicating.

I merely said "if this is correct,....". I'm not claiming it is, though I don't believe this sort of stuff is effectively kept under wraps.

The gold referendum was announced well in advance and one could have played it in whatever way one thought would profit. The SNB decision was sprung on the world so being on the right side was possibly a belief the cap was unsustainable, blind luck or inside knowledge.

At the beginning of the week I actually contemplated putting on a long USD.CHF position, but decided against it. Don't use enough leverage to close me down, but it would have hurt. Blind luck, which I'm happy about.
 
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