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FXCM Inc (NYSE:FXCM) has issued a note to its clients that it is increasing margin requirements once more after the close of trading in New York today, reflecting the market conditions around the Brexit vote. The company has decided to elevate a second line of defense against prospective unexpected outcomes and substantial volatility which is virtually warranted after tomorrow’s vote on whether the United Kingdom should remain a part of the European Union.
The brokerage is taking the extraordinary steps after the market close today. The changes will affect not only GBP and EUR pairs, but also JPY pairs and a number of ... (read more)