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FXCM to cover first $50K in client losses

Mar. 20, 2015 9:17 AM ETGlobal Brokerage, Inc. (GLBR) StockGLBRBy: Stephen Alpher, SA News Editor3 Comments
  • Updating its negative balance policy, FXCM now offers customers protection for the first $50K of losses over a 24-hour period. Clients will be responsible for losses above that amount, no matter the market conditions.
  • The company was nearly wiped out after clients lost hundreds of millions overnight when the SNB cut the euro loose from the franc.
  • Shares +3.4% premarket
  • Source: WSJ

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