As the dust settles over the biggest crisis in two decades of retail OTC trading, our unique data suggests some interesting insight into how players all across the industry were, and still are, affected by the turmoil.
In a day that has become infamous with brokers and traders alike, January 15, 2015 saw the abrupt abandonment of the Swiss National Bank’s (SNB) currency peg, convulsing markets worldwide. When the Black Swan erupted with dramatic events unfolding one after the other, our focus was on breaking the fast pace news. Now, however, as the dust begins to settle and the new shape of the market takes form, a comprehensive in depth look is warranted.
Sleeping at the Wheel?
Whether it was the lulled false sense of security earlier in the week by the SNB, further championing its currency peg with the Swiss franc and the euro at 1.20, or an outright absence of risk management by brokers, it is clear there were some very definitive winners and losers.
In a stroke of utter chaos, traders found their screens go dark as CHF trading seemingly went down at a variety of brokers, culminating in the absence of orders being filled and the crumbling of accounts into negative territory that has still not seen a resolution. Furthermore, industry mainstays like FXCM and Alpari UK found themselves facing bailouts and in the latter instance, outright insolvency.
Navigating Through the Price Chop
On the back end of the Swiss black swan event, concerned traders and market participants got a ticket to stress test their strategies and brokers. Additionally, brokers finally received the opportunity to stress test their technology, Liquidity providers and infrastructure.
The resulting mess will be discussed for many more months, while many legal cases could take years before resolution. The epic dismay across the industry from the event has once again exposed the short memory of financial industry participants when it comes to black swan events.
Winners and Losers
With the unfolding of events and the subsequent fallout, the industry has been forever changed with the memory of the CHF volatility burned into the psyche of traders and brokers worldwide.
The latest Forex Magnates Research report, "Extreme yet Foreseeable - The Swiss National Bank Crisis", recounts the game-changing event providing both the context of the event and the full data of the market movements it stirred. No less important, the report delineates the post-SNB forex industry with an eye on future developments . The exclusive and in-depth Swiss Franc Report is available now. To obtain a copy please contact sales@forexmagnates.com.
In a day that has become infamous with brokers and traders alike, January 15, 2015 saw the abrupt abandonment of the Swiss National Bank’s (SNB) currency peg, convulsing markets worldwide. When the Black Swan erupted with dramatic events unfolding one after the other, our focus was on breaking the fast pace news. Now, however, as the dust begins to settle and the new shape of the market takes form, a comprehensive in depth look is warranted.
Sleeping at the Wheel?
Whether it was the lulled false sense of security earlier in the week by the SNB, further championing its currency peg with the Swiss franc and the euro at 1.20, or an outright absence of risk management by brokers, it is clear there were some very definitive winners and losers.
In a stroke of utter chaos, traders found their screens go dark as CHF trading seemingly went down at a variety of brokers, culminating in the absence of orders being filled and the crumbling of accounts into negative territory that has still not seen a resolution. Furthermore, industry mainstays like FXCM and Alpari UK found themselves facing bailouts and in the latter instance, outright insolvency.
Navigating Through the Price Chop
On the back end of the Swiss black swan event, concerned traders and market participants got a ticket to stress test their strategies and brokers. Additionally, brokers finally received the opportunity to stress test their technology, Liquidity providers and infrastructure.
The resulting mess will be discussed for many more months, while many legal cases could take years before resolution. The epic dismay across the industry from the event has once again exposed the short memory of financial industry participants when it comes to black swan events.
Winners and Losers
With the unfolding of events and the subsequent fallout, the industry has been forever changed with the memory of the CHF volatility burned into the psyche of traders and brokers worldwide.
The latest Forex Magnates Research report, "Extreme yet Foreseeable - The Swiss National Bank Crisis", recounts the game-changing event providing both the context of the event and the full data of the market movements it stirred. No less important, the report delineates the post-SNB forex industry with an eye on future developments . The exclusive and in-depth Swiss Franc Report is available now. To obtain a copy please contact sales@forexmagnates.com.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!