FXCM To Liquidate USD/HKD Client Positions over Volatility Fears

[kreslik.news]

US-listed and headquartered online FX broker FXCM Inc. (NYSE:FXCM), has issued an email update to clients citing several changes it plans to implement, including to its CFD and FX offering, as well as its decision to liquidate all open USD/HKD positions this Friday on February 26th 2016.

The company said it believed there is a chance of disruption and highly illiquid conditions in coming weeks on the USD/HKD pair, and made the decision in an effort to mitigate customer losses. The notice included that no new positions in the pair will be permitted, effectively discontinuing the offering of the United ... (read more)