|SwampDogg, perhaps THIS will make your morning run smoother /sarc|
Another Bailout: FXCM To Forgive 90% Of Its Mostly Foreign "Negative Balance" Customers
Submitted by Tyler Durden on 01/28/2015 - 09:10
Two weeks after FXCM was on death's door, and only a last minute vulture investment by Jefferies prevented the company from filing, FXCM has decided that it can't afford to blow up the bulk of its clients who traded the EURCHF on the wrong side, and as the company reported moments ago, will forgive their negative balances. In other words, another bailout for HFTs, and the rich and those habitually addicted to gambling in rigged markets, who just happen to be the lifeblood of companies like FXCM.
(more at the link, of course.....)