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Swiss franc peg

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    Swiss franc peg


    #2
    Originally posted by AtW View Post


    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

    Comment


      #3
      Originally posted by AtW View Post
      You been spekulating in the Swiss franc?

      SNB sets floor to limit franc strength - FT.com
      The surprise move prompted the franc to fall 9.5 per cent against the euro

      Comment


        #4
        That peg just cost me £3K in lost trades.



        Not the worst pegging I've had mind.

        Comment


          #5
          It's an ill wind....l

          as they say.
          I'm alright Jack

          Comment


            #6
            It will not last long.
            "Condoms should come with a free pack of earplugs."

            Comment


              #7
              Originally posted by TimberWolf View Post
              You been spekulating in the Swiss franc?
              "Speculation was mounting that he may have been caught out after the Swiss Central Bank unexpectedly devalued the franc last week, producing mammoth losses on one of his currency trades.

              It was then that Adoboli’s final Facebook message, believed to have been left on Tuesday, September 6, read: ‘Need a miracle"

              Kweku Adoboli: Desperate Facebook message of USB banker accused of £1.3bn fraud | Mail Online

              Comment


                #8
                Originally posted by AtW View Post
                "Speculation was mounting that he may have been caught out after the Swiss Central Bank unexpectedly devalued the franc last week, producing mammoth losses on one of his currency trades.

                It was then that Adoboli’s final Facebook message, believed to have been left on Tuesday, September 6, read: ‘Need a miracle"

                Kweku Adoboli: Desperate Facebook message of USB banker accused of £1.3bn fraud | Mail Online
                Caught me out too.

                I've now learned a valuable lesson on stop losses. I didn't have any and it wiped one of my SB accounts.

                Ouch!

                Comment


                  #9
                  Originally posted by DimPrawn View Post
                  I've now learned a valuable lesson on stop losses. I didn't have any and it wiped one of my SB accounts.
                  Is that you Nick?

                  Comment


                    #10
                    Originally posted by DimPrawn View Post
                    Caught me out too.

                    I've now learned a valuable lesson on stop losses. I didn't have any and it wiped one of my SB accounts.

                    Ouch!
                    It wouldn't have helped you much in this case. The change in Swiss Franc rates was virtually instantaneous and there are clauses with most firms that state when stop losses would cost them money they will ignore them and come and get you for any shortfall in your account.
                    Last edited by eek; 16 September 2011, 13:34.
                    merely at clientco for the entertainment

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