FXCM Comments on Swiss Franc Movement
FXCM (NYSE: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.
“We are actively discussing alternatives to return our capital to levels prior to today’s events and discussing the matter with our regulators.”
Source: FXCM – FXCM Comments on Swiss Franc Movement
