Optos Share Discussion Threads

[harvester] 16/1/2015 23:34

Thanks Straddle & Alp for keeping us posted on FXCM developments .

Luckily I had only a few option positions open(four ; my lowest ever) though quite a bit of cash at risk . As a precautionary measure I closed all four short positions today and made request of cash withdrawal .The positions closed were sold ITM food retailer put options for June. Would have liked to keep them open longer since they might have benefited from further recovery of MRW,SBRY & Tsco .

According to the FT IG also suffered from clients affected by the removal of the 1.2 SFR/euro price cap and loss of good will, i.e. forcing position closures on clients .

[alphorn] 16/1/2015 23:09

Retail foreign exchange broker FXCM got a $300 million bailout on Friday after taking huge losses on the Swiss National Bank's (SNB) shock decision to drop its three-year-old peg of 1.20 Swiss francs per euro.

Leucadia National invested $300 million cash in FXCM in exchange for a $300 million senior secured term loan with a two-year term and a 10 percent coupon. If FXCM is sold Leucadia will get a portion of the proceeds.

(Source CNBC).

[alphorn] 16/1/2015 14:00

...but at least you may be in business!

[praipus] 16/1/2015 13:59

Being owed $225 m is good isn't it?

[alphorn] 16/1/2015 13:11

...see my post on the Opts thread.

[alphorn] 16/1/2015 13:10

Note the important difference between the two quotes - the first says negative equity - ie the company is bankrupt - the second talks of money owed to FXCM - very very different.

The second comes from the FXCM site.

[alphorn] 16/1/2015 13:04

Yes, I saw that FXCM note this morning - needs watching closely as does the market these days.

NEW YORK, Jan. 15, 2015 (GLOBE NEWSWIRE) -- FXCM (NYSE:FXCM) an online provider of forex trading and related services worldwide, announced today due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement this morning, clients experienced significant losses, generated negative equity balances owed to FXCM of approximately $225 million.

[tiltonboy] 16/1/2015 10:13

West Ham sponsor Alpari, also hit the skids. IG have put aside £30m for potential losses.

Hopefully no casualties amongst my friends here.

[praipus] 16/1/2015 09:36

Thanks to straddle on ther OPTS thread

Re: FXCM

[praipus] 16/1/2015 09:28

Thank you straddle, something seriously wrong with financial regulation....

What is your source for this info?

[straddle] 16/1/2015 09:07

A major U.S. currency broker said it suffered “significant losses” that wiped out its equity, and a New Zealand foreign-exchange trading house failed, as the fallout from the decision by the Swiss National Bank to cease capping the nation’s currency spread across the world.

FXCM Inc. FXCM, -15.06% the biggest retail foreign-exchange broker in Asia and the U.S., said in a statement that due to unprecedented volatility in the euro against the Swiss franc, its losses left it with a negative equity balance of around $225 million and that it was trying to shore up its capital.

“As a result of these debit balances, the company may be in breach of some regulatory capital requirements. We are actively discussing alternatives to return our capital to levels prior to today’s events and discussing the matter with our regulators,” FXCM, which has a market capitalization of around $701.3 million, said in a statement. Shares of the company fell 15% in U.S. trading and tumbled another 12% after hours.

[scrapman] 22/12/2014 10:46

hi guys , can anyone help . I am out of UK at the moment and trying to get prices of Saisburys March series , but all my old sites don't seem to be working , can any one post a screen shot , please

[praipus] 15/12/2014 21:50

Could market operators get any comfort from this?

Could it explain why the DOW, SPY and Russell remain on a 45% trajectory?

[praipus] 15/12/2014 16:55

Question:

If the delta for ATM (at the money) call options is 50.

How does an MM/option trader hedge the sale of an OTM (out of the money) call option?

Say the share price is 100p and you buy a 120p strike call what % of stock/underlying would the trader buy to cover the call option he sold you?

Would it be 20%?

Would it depend on judgement and market direction?

Would the MM simply buy another call to cover?

[zastas] 12/12/2014 16:14

It seems ICE has stopped offering delayed prices completely. I think the only place to see them now is with your broker; FXCM certainly has been working OK for a while.

But they are delayed, and by no means as good as the dynamic live ones I used to be able to monitor on Track. Oh, how I miss it....... All a bit disappointing, and it seems only serious traders /market makers will be able to justify costs and have access. Perhaps they want us to go away.

Enough to consider stopping writing all together.

[mayjuli] 12/12/2014 13:41

I cannot get options prices at work.
I used to use the global.derivatives site, but that is getting nothing, and the advfn site doesn't function at work as something. Even the end of day data from the life site doesn't go further than the 14th Nov.
Where can I get the info from?

MJ

[praipus] 09/12/2014 08:41

FXCM all shiny and new this morning wish I could say the same about the options portfolio...

[praipus] 08/12/2014 18:19

FXCM playing up now:(

[phillis] 04/12/2014 16:00

steady progress still

[harvester] 26/11/2014 22:12

Alp:
Ie it's back up. Sort of.

[praipus] 24/11/2014 19:40

Thanks, trying to do too much at the same time. Should work now.

Very agricultural, and when you finally get to the data you won't be impressed. I sense there has been some issue between Euronext and ICE.

The old format was wonderful....well better anyway. Still a long way to go.

[harvester] 24/11/2014 17:18

Alp. Same here but slightly impeded by travel .

[alphorn] 24/11/2014 16:38

Link not working?

[praipus] 24/11/2014 16:32

New regime for accessing delayed price feed from ICE



you will have to register, but it is still FREE:)

[alphorn] 24/11/2014 16:23

Harv - holding Aviva positions unchanged; but watching closely ;)