Post FXCM - News and the Regulatory Landscape

[galvinlee888]

What about the other side who made a lot of billions? Anyone know of who benefit the most from this move.

My guessing is the other side that make a lot of money will claim their winning money from bucket shop by closing the "lottery trade", while the other side that loss ton of money just walk away as they don't have capital to cover their loss, and the worst that can happen to those losers are been sued by the bucket and declared bankruptcy.
The net outcome is the bucket shop leave behind with a bag of loss ?

 

[justrading]

"The financial trading services provider said it was facing a loss of up to GBP30 million due to Swiss franc trading losses. Its first-half results included the breakdown of those losses, with GBP12 million from market exposure and GBP18 million relating to client credit."

http://www.morningstar.co.uk/uk/new...tain-dividend-despite-swiss-franc-losses.aspx

 

[justrading]

Alpari U.K. under administration, but there are potential buyers.

http://www.bbc.co.uk/news/business-30889847

 

[justrading]

A look at FXCM and the retail forex business.

http://www.bloomberg.com/news/2015-...l?hootPostID=1382f3299272e7f39ad86ace7778ba54

 

[justrading]

"Thomas Peterffy, the billionaire chairman and chief executive officer of Greenwich, Connecticut-based Interactive Brokers Group Inc., said that he expects banks’ losses from the currency swings to increase as customers can’t repay loans."

Basically on what seems to be a growing mess.

http://www.bloomberg.com/news/2015-...l?hootPostID=99da7edfddc5efb1540fbe227b184fcb

 

[justrading]

Review of leverage, nothing specific yet.

"The National Futures Association, a self-regulator responsible for policing the futures industry, said it is considering whether to alter a cap on borrowed money, or leverage, for currency bets in response to last week’s market tumult, according to spokeswoman Karen Wuertz."

http://www.wsj.com/articles/futures...verage-limits-for-retail-fx-trades-1421785964

 

[justrading]

NFA tightens leverage for 3 crosses effective 22nd January.

http://www.reuters.com/article/2015/01/21/forex-regualtions-idUSL1N0V02WG20150121

 

[justrading]

Saxo Bank faces potential losses of more than £70 million from the CHF float.

http://www.bbc.co.uk/news/business-30960558

 

[justrading]

More margin changes, AUD, JPY, etc.

https://www.nfa.futures.org/news/newsNotice.asp?ArticleID=4534

 

[justrading]

SNB under domestic pressure post Franc mess.

http://www.reuters.com/article/2015...P020150225?feedType=RSS&feedName=businessNews