FXCM (FXCM), an online provider of forex trading and related services worldwide, said that it may be in breach of some regulatory capital requirements, as a result of debit balances.
The company announced 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.
The company stated that it was actively discussing alternatives to return its capital to levels prior to today's events and discussing the matter with its regulators.
FXCM closed Thursday's trading at $12.63, down $2.24 or 15.06%. In after hours, the stock further plunged $1.53 or 12.11%.
by RTT Staff Writer
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