- 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
FXCM to cover first $50K in client losses
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Symbol | Last Price | % Chg |
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GLBR | - | - |
Global Brokerage, Inc. |