FXCM Falls 80% Following Swiss Currency Move, Interactive Brokers Group Down 11%

Shares of FXCM Inc FXCM fell over 80 percent in Friday’s pre-market, adding to Thursday’s 15 percent decline following the decision of the Swiss National Bank to remove its currency peg against the Euro.

In a press release issued Thursday, the company said that “due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement this morning, clients experienced significant losses, generated negative equity balances owed to FXCM of approximately $225 million.”

The “company may be in breach of some regulatory capital requirements” as a result of the debit balances and is “actively discussing alternatives” to resolve the issue.

Interactive Brokers Group, Inc. IBKR was also down over 11 percent in a potential sympathy play and recently traded at $25.00.

FXCM Inc recently traded at $2.00  in the pre-market, down 84.16 percent,