FXCM/Black Swan

[Mysticforex 13]

So, who has an account with FXCM? I do.

I don't have any open positions atm. I was not in any CHF trades yesterday

 

Any guess's on what happens to them now? Will GAIN take them over?

Will they dilute share price (FXCM) to raise equity? The founders still own 44% of the stock.

[Mysticforex 13]

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FXCM Said to Be in Talks With Jefferies for $200 Million Rescue - Bloomberg

[fxeconomist 11]

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FXCM Said to Be in Talks With Jefferies for $200 Million Rescue - Bloomberg

 

 

The biggest retail broker in US. Seems they had serious neglects in their risk management and didn't passed the muster. Would advice any traders who still stay with them to start search for a good alternative, as company will probably make impossible normal trading.

[Mysticforex 13]

Most of the more commonly known brokerage's have already switched to the "Agency" model being used by FXCM. Two possible exceptions are Gain and Oanda.