DislikedWhat was the case with fxcm? Why did they lose so much? Was it the same reason? I'll read up more when have the time.Ignored
It's far, far worse than people are making out. FXCM mgnt is currently in court trying to explain how 'liquidity dried up' for several hours when their t1 counterparties have confirmed this never actually happened.
What they did was nothing short of a heist; either to cover losses or to extract a couple of mill from their client base... ermmm is the allegation they're fighting allegedly what have you.