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Swiss franc crash/black swan event


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Swiss franc crash/black swan event

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baltimore marylnd
 
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Was anyone here directly impacted by the Swiss franc crash? I’m curious as to how the broker responded and what happened when their account had a huge negative balance that exceeded their margin requirements. Obviously the position was liquidated and the trader was left with a huge loss in the account? Did the broker come after the individual for their personal assets (house etc). Thanks

Case: 10k lot on nzdusd; 100% increase in price for a short is a loss of 8k (40x leverage). 100k lot is a massive loss! What’s the broker going to do if the loss significantly exceeds your account value. Come after your personal assets? I know the agreements we sight state the traders ARE responsible for all losses. But curious to hear someone who’s actually been through it. I know a lot of these brokers were bailed out.

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baltimore marylnd
 
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calhawk01 View Post
Was anyone here directly impacted by the Swiss franc crash? I’m curious as to how the broker responded and what happened when their account had a huge negative balance that exceeded their margin requirements. Obviously the position was liquidated and the trader was left with a huge loss in the account? Did the broker come after the individual for their personal assets (house etc). Thanks

Case: 10k lot on nzdusd; 100% increase in price for a short is a loss of 8k (40x leverage). 100k lot is a massive loss! What’s the broker going to do if the loss significantly exceeds your account value. Come after your personal assets? I know the agreements we sight state the traders ARE responsible for all losses. But curious to hear someone who’s actually been through it. I know a lot of these brokers were bailed out.

Ok I’m guessing everyone who was impacted by a black swan event is not longer on these forums b/c he doesn’t trade anymore haha

Anyone out there want to share their “rumors” or a guess?

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