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Sunday, June 28, 2015

Currency brokers tighten trading rules on Greek fears

Retail platforms FXPro, Mayzus, Alpari and U.S.-based FXCM were among those tweaking the terms of trade in a market that in theory trades all day every day but should only see volumes rise when Asian investors and traders return to their desks on Sunday evening. The nerves around Greece follow a wide-ranging reassessment of risks this year by the other major players in a market which allows ordinary individuals to make highly-leveraged bets on moves in dozens of currencies just by registering on websites A number of major players including FXCM, IG Index and Saxo Bank, lost millions in the 10 minute surge in the Swiss franc on Jan. 15, the biggest moves in a major currency in the era of free-floating exchange rates dating back to the early 1970s.


READ THE ORIGINAL POST AT uk.news.yahoo.com