Sr. Correspondent, Broker Research, Bangalore, India
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Jan 26, 2015
Jan 26, 2015
Jan 23, 2015
Jan 23, 2015

FXCM options activity surges after Swiss shock

NEW YORK (Reuters) – Losses from the surprise move by the Swiss National Bank nearly crippled brokerage FXCM (FXCM.N: Quote, Profile, Research), but all the attention has resulted in a surge of activity among options traders on the online forex broker.

FXCM’s shares fell nearly 90 percent on Tuesday after the company faced $225 million in losses on the SNB’s shock decision last week to remove the cap on the Swiss franc. It then agreed to an emergency loan from Leucadia National Corp (LUK.N: Quote, Profile, Research).

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    • About Saqib

      "Saqib Ahmed is an options correspondent working with the Markets team in New York. He previously led the Reuters Broker Research team in Bangalore. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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