FXCM, Inc. (FXCM) to Slim Down Currency Trading Options Following Swiss Franc Incident

(Updated - February 17, 2015 12:34 PM EST)

FXCM, Inc. (NYSE: FXCM) seen halting trading in selected currencies.

UPDATE - According to the WSJ, FXCM is planning to stop trading in a number of currencies this week in order to avoid the volatility that may come with other governments intervening in the markets.

Beyond major currencies, FXCM will only offer trading in the Turkish lira, the South African rand, and the Chinese renminbi, sources said. The firm will also increase margin requirements for clients looking to trade in these currencies.

After incurring a $225 million deficit earlier this year as the Swiss National Bank removed its cap on the franc, sending it shooting 30 percent higher in one day, FXCM entered a $300 million loan agreement with Leucadia National (NYSE: LUK).

Shares of FXCM are positive in afternoon trading Tuesday.

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