TIME OF HASHASSINS .....OR HASH ASSAM'S ....IT HASH THE WORST OF TIMES ....IT HASH THE BEST OF TIMES ...TAKE HASH FOR THAT ...ÇA DEPENDS YOU HAVE ÉCUS OR SWISS FRANCS? THE SWISS FRANC CRUZADE ,,,YOU SHALL NOT PRINT MORE FRANCS TO BUY THE DEBT FROM THE BUT OF EUROPE..Throughout the three years that the Swiss National Bank stopped the Swiss franc appreciating beyond 1.20 Swiss francs per euro, arguments raged over whether this destabilised markets or artificially strengthened the euro..#Swiss franc debacle update: Alpari: Insolvent ExcelMarket: insolvent IG: 30m hole FXCM: 225m hole Dukascopy: 40m hole FXPro, OANDA: Fine

Deutsche is wearing a $150M hit 

from when the Swiss hit the fan.


Barclays tens of millions

For anyone whose positons 

were above 8X their balance

, it resulted in a complete loss for their account. 

Many customers with larger leverage saw their accounts going negative.

For FXCM and other STP brokers or those like IG with large hedged franc positions,

 the negative balances make it nearly impossible to mitigate their own losses

 suffered on their CHF short positions with their bank counterparties. 

Brokers are also suffering as banks have alerted customers 

that pricing of some executed trades may be incorrect.

Two specific firms which have been cited as providing

 poor execution by brokers are Barclays and UBS.

 $225 million quoted by FXCM, the amount reveals one of the dangers of being a broker

; credit risk from clients losing more than their balances. 

This problem has been reported to have caused several prime brokers

 to suffer losses in 2014 due to ‘run away’ algos triggering losses.

Typically, retail brokers don’t require account holders 

to cover debt related to negative balances and rely on their risk management 

software to close client positions before they go negative.

In this extreme case, although FXCM is on the hook for $225 million to their liquidity 

partners, collecting the funds from clients will be difficult

. What is not yet known is what percentage of the $225 million figure is from

 institutional clients who may have the resources

 to pay their debt from other accounts

 they hold with other counterparties.

FXCM Inc (NYSE:FXCM) lost 33.5% in trading yesterday,