2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory | Reviews of Brokers and Data Feeds


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2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory

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Don't Poke The Bear!
Los Angeles, California Republic
 
Trading Experience: None
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES
 
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Posts: 1,716 since Jan 2011
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It's not just retail that got hit:

http://www.zerohedge.com/news/2015-01-16/its-not-just-retail-head-european-fx-sales-out-after-citi-admits-massive-loss

Also, chilling war stories:

SNB DESTROYED Swiss franc market your war stories! 16 January 2015 | ForexLive

I remember watching the market explode when they announced the peg three years ago (I had no active positions, though). That day I vowed to avoid CHF at all costs. Still consider myself lucky I was not in the market at all during this announcement either.

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