FXCM: Operations Functioned Without Material Adversity From Brexit Volatility
Posted: Thu Jun 23, 2016 2:50 pm
Online broker FXCM Inc., traded on the NYSE under ticker FXCM, has today released an official statement following extreme volatility that accompanied the United Kingdom’s Brexit vote.
The firm said that its financial position remains solid and that its trading platform functioned normally, as per a special announcement from the company this Friday morning in the U.S.
FXCM is happy with the risk management steps we took including our decision to gradually raise margins as we did heading into the vote.
No Material Adversity
FXCM said that its systems and operations functioned without any material adversity during Brexit.
Drew Niv, CEO of FXCM, added in ... (read more)