The ChoiceFX system had a melt down this week, one of the major FCMs got whacked many tens of millions of dollars due to the system failure. Does anyone know which firm got hit? IBFX? FXDD? GAIN? etc?
Take a guess: Choice FX platform currently has close to 25 connections to different liquidity vendors in the industry that are ready to go at a moments notice. Here is a list of some of feeds available right now: Bank of America Barclays Baxter CAX Citibank CitiFX Currenex Deutsche Bank DBFX Dresdner Bank Ducas Bank FXDD FXCM Hotspot Institutional Goldman IFX Markets Integral JDFX JPMorgan Lava Merrill Lynch Morgan Stanley Nomura Bank RBS UBS Saxo Bank Scandi Bank
Can you provide any more information on this alleged melt down? So far you are the only one reporting it, on multiple forums. As a long term member of ET with thousands of informative posts to your name, you have a lot of credibility here.