Forex Investor Loses Suit Over Swiss Franc 'Flash Crash'

Law360, London (June 22, 2020, 6:24 PM BST) -- A judge tossed an FXCM investor's suit Monday seeking more than $591,000 for losses stemming from the Swiss franc's 2015 "flash crash," saying the trading platform had a right to override an automatic trade order during the "exceptional" market event.

In his ruling, Adrian Beltrami QC, sitting as a judge for the High Court, found that Forex Capital Markets Ltd. had not acted negligently or breached its contract with Target Rich International Ltd. by not following a "stop loss" order set by the investor that would have halted the trading at a requested price.

The "scope of the claim is limited...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!