Sr. Correspondent, Broker Research, Bangalore, India
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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).

Jan 23, 2015
Jan 22, 2015
Jan 22, 2015
Jan 22, 2015
Jan 22, 2015
Jan 22, 2015
Jan 21, 2015

Options traders ready for the end of Dollar Store bidding war

NEW YORK (Reuters) – Family Dollar Stores Inc (FDO.N: Quote, Profile, Research) shareholders will vote on Thursday on an agreement to be bought by fellow discount retailer Dollar Tree Inc (DLTR.O: Quote, Profile, Research), possibly putting an end to a months-long tussle with Dollar General Corp (DG.N: Quote, Profile, Research).

Traders in the options market appear to be betting on a Dollar Tree win and have been positioning for Dollar General shares to come under pressure.

Jan 21, 2015
    • 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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