Global Brokerage Inc. (GLBR)

[~ Blue ~]

FXCM huge news out after hours! The market data also shows that the losses on January 15 were not the result of FXCM technology or FXCM margin requirements, but rather due to the extreme market dysfunction resulting from the SNB's irresponsible and unforeseen announcement to completely remove the 1.2000 CHF floor. FXCM has long run a No Dealing Desk or Agency Execution model on its FX business. For FXCM's execution system to function efficiently and effectively, the Institutional Market must provide prices and executable liquidity. As FXCM is given prices and liquidity from liquidity providers, the firm executes every client's FX trade back to back with the liquidity providers. However, the SNB's actions on January 15 caused the firm's liquidity providers to cease providing pricing during the event, which ultimately resulted in some clients having negative balances with FXCM.

http://ih.advfn.com/p.php?pid=nmona&article=65818214&symbol=FXCM


EXPECTING GAP UP.. SAY TUNED!!