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FXCM Doubles Yuan Margins, Warns Of Market "Disruption And Highly Illiquid Conditions"
The last time FX brokers, still hurting from the Swiss National Bank's revaluation shocker from last January which forced brand names such as FXCM to seek an urgent bailout, scramble to hike margins was in late June just ahead of the Greek "event risk" weekend, when numerous brokers either hiked margins on EUR positions or went to "close only" mode due to "uncertainty surrounding the Greek debt negotiations... that could lead to high volatility on the market." So, barely one week into the new year, one which has seen the stock market suffer its worst ever first week of trading, some FX brokers are not taking ... (full story)