charttrader

FXCM is in trouble...

NYSE:FXCM   FXCM INC
1260 9 15
*FXCM: CLIENTS EXPERIENCED SIGNIFICANT LOSSES AFTER SNB MOVE
*FXCM: NEGATIVE EQUITY BALANCES OWED TO FXCM             ABOUT $225M
*FXCM: MAY BE IN BREACH OF SOME REGULATORY CAPITAL REQUIREMENTS
*FXCM DISCUSSING ALTERNATIVES TO RETURN CAPITAL TO PRIOR LEVELS

FXCM             an online provider of forex trading and related services worldwide, announced today due to unprecedented volatility in EUR/CHF             pair after the Swiss National Bank announcement this morning, clients experienced significant losses, generated negative equity balances owed to FXCM             of approximately $225 million.

As a result of these debit balances, the company may be in breach of some regulatory capital requirements.

Trading in the shares was delayed by the New York             Stock Exchange pending news.

"Absent an overnight capital raise FXCM             will not be able to conduct business," said Credit Suisse in a client note.
jangseohee
2 years ago
http://www.alpari.com/company-news/posts/2015/january/important-announcement/
+1 Reply
charttrader PRO jangseohee
2 years ago
What about Oanda?
+1 Reply
jangseohee charttrader
2 years ago
https://fxtrade.oanda.com/community/forex-forum/topic/54010615/
+2 Reply
Algokid PRO
2 years ago
leveraged 10 :1 , what could go wrong !?!
+2 Reply
HexVex Algokid
2 years ago
:D
Reply
Guess what... It would be great to buy FXCM at this level. The fall off the cliff stood bang on a past supp/res level
snapshot
+2 Reply
Selling round two. Sub 1.00 ?
Reply
Algokid PRO QuantitativeExhaustion
2 years ago
I think so , this is only the beginning. It 's only a matter of time before the government comes in and impose new rules, probably on margin requirement. The days of 300 : 1 FX account are coming to an end in my opinion.
+1 Reply
FXCM Inc (NYSE: FXCM) on Friday detailed some company metrics to assuage the market, while also expressing an intention to sell its non-core assets. However, Citi on Monday reiterated its $0.75 per share price target and Sell rating. That price target represents a 68 percent decline from Friday’s close.

Citi specifically noted that it expects FXCM’s share price to first bounce, before noting that all positive benefits are destined for Leucadia. Specifically, Citi argues that any sale of non-core assets will go first to Leucadia as part of its emergency bailout on January 16.

Citi failed to address rumors in the market of an ultimate buyout, specifically, last week it was rumored that Charles Schwab Corp would offer .25 per share for the troubled broker.
+1 Reply
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