interactive brokers got hit for 120M
http://uk.businessinsider.com/interacti ... z3P06zAray
Swiss franc
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marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
Last edited by marksmeets302 on Fri Jan 16, 2015 4:36 pm, edited 1 time in total.
The financial crisis never really ended, it was just put on pause somewhat by the stupendous amounts of money printed in the desperate QE programs. The fact there was virtually no inflation despite all this money printing suggests volcanic deflationary pressure building and building and building....superfrank wrote:Euro falling hard again and dollar parity not out of the question. 'looks like ECB QE is gonna be big (probably why the Swiss bailed out now).
the financial crisis continues!...
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
+1 Zenyatta
even worse, imho, is that the printed money is used to buy assets (essentially a wealth transfer to the rich) in the hope that trickle-down economics will benefit real economies (not much evidence that it has worked).
currency wars continue. the US will print again when the strong $ starts to hurt them.
even worse, imho, is that the printed money is used to buy assets (essentially a wealth transfer to the rich) in the hope that trickle-down economics will benefit real economies (not much evidence that it has worked).
currency wars continue. the US will print again when the strong $ starts to hurt them.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
In what way do you think Peter?
Sounds like a decent deal to me and looking at the financial results of FXCM it seems a good bet.
One thing of the last few days is that it is good to see that the client funds in the like of Alpari were actually kept in a ring fenced account so clients should get their money back.
One thing I am not entirely sure about is that why some companies such as City Index and IG relatively speaking to some of the losses experienced by others were so much smaller.
Could it be because City Index/IG may not have hedged the bets in the market and were just taking the opposing side? As such when clients losses exceed their funds they can just write off the losses that can't be recovered?
Sounds like a decent deal to me and looking at the financial results of FXCM it seems a good bet.
One thing of the last few days is that it is good to see that the client funds in the like of Alpari were actually kept in a ring fenced account so clients should get their money back.
One thing I am not entirely sure about is that why some companies such as City Index and IG relatively speaking to some of the losses experienced by others were so much smaller.
Could it be because City Index/IG may not have hedged the bets in the market and were just taking the opposing side? As such when clients losses exceed their funds they can just write off the losses that can't be recovered?
Pretty naive comments from traders caught out by this debacle. Would be wonderful if you could exit a position at a price that never existed.
http://www.telegraph.co.uk/finance/pers ... nutes.html
http://www.telegraph.co.uk/finance/pers ... nutes.html
