Search Results for: Swiss
SNB president defends shock move: reaction ‘overdone’
January 19th, 2015
Reaction to the Swiss National Bank’s (SNB) scrapping of its cap on the value of the Swiss franc has been overdone, the bank’s president Thomas Jordan has said in a newspaper interview. “We see significant excesses in current exchange ...
Alpari Important announcement
January 19th, 2015
Alpari has issued an announcement saying that has not entered a formal insolvency process. The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has ...
FINMA issues public warning
January 19th, 2015
FINMA, the Swiss Financial Markets Supervisory Authority, issues public warning concerning information provided by the following companies: Alpen Asset Management Trust Sàrl, Geneva, API Premiere Swiss Trust AG, Zurich Contrary to the information provided by the above companies neither ...
Leucadia is investing $300 million in cash into FXCM to Permit FXCM to Continue
January 19th, 2015
Leucadia National Corporation (NYSE: LUK) and FXCM (NYSE: FXCM) announced that Leucadia would be providing $300 million in cash to FXCM and its subsidiaries (collectively “FXCM”) that will permit FXCM to meet its regulatory-capital requirements and continue normal operations ...
Banks Battle Speculation Denmark’s Euro Peg at Risk: Currencies
January 19th, 2015
Banks in Scandinavia are joining the Danish government in trying to persuade offshore investors that the Nordic country isn’t about to copy Switzerland and drop its euro peg. SEB AB, the Nordic region’s largest currency trader, said it’s been fielding calls ...
Investors fear global economy slowdown
January 16th, 2015
US stocks were traded lower on Thursday for the fifth consecutive time. Investors are concerned over global economy slowdown, which indicates a plunge in world crude oil prices, and fear that the results of American earnings reports wouldn’t meet ...
FXTM Announce on CHF Pairs
January 16th, 2015
Trading on CHF Pairs Switches to “Close-Only” Mode Following SNB Shock Decision The Swiss National Bank’s decision to abandon the franc’s cap against the euro just days after officials stated that this policy is as concrete as ever, sent ...
LMAX Exchange release
January 16th, 2015
Business as usual at LMAX Exchange following extreme CHF volatility LMAX Exchange, the world’s only regulated MTF for FX, today reported business as usual following the extreme market volatility caused by the discontinuation of the CHF peg by the ...
EXCEL Markets Critical Notice
January 16th, 2015
The dramatic move on the Swiss franc fueled by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in rare volatility and illiquidity. Both our primary and backup liquidity providers became ...
Alpari (UK) Limited to confirm today, that it has entered into insolvency
January 16th, 2015
The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority ...
