aris
Active+ Member
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- Feb 8, 2008
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The dramatic move on the Swiss franc fueled by the Swiss National Bank's unexpected policy reversal of capping the Swiss franc against the euro has resulted in rare volatility and illiquidity. Both our primary and backup liquidity providers became unresponsive or illiquid for hours after the event. The majority of clients in a franc position were on the losing side and sustained losses amounting to far greater than their account equity. When a client cannot cover their losses it is passed onto us.
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This leads to extreme volatility and extremely low liquidity especially in CHF pairs. Due to this reason, the major banks and other liquidity providers temporarily suspended trading in CHF pairs.
Sy rasa dia org dah cuba utk meet stop out....tapi no liquidity/ unresponsive.
