Typically here come the banksters with their hands out or in this case hands into traders accounts with statements like ; Denmark’s Saxo Bank has also warned it will be changing its charges for orders placed in the turmoil, effectively passing on losses to customers. “Once we are better able to establish the market liquidity, all executed fills will be revisited and amended to more accurate levels,” the bank said. “This may result in a worse execution rate than the originally filled level.”
The ramifications of the Swiss move will not be felt for some time , maybe days or weeks or at the worst 6-12 months .
Some forex or cfd providers may even do a Sonray or Opus style thing and trade out of it or borrow up big on the never never which buys them time .
The other situation that could occur is if a Govt defaults on their debt or bonds which could lead to another Man Financial scenario . Don't forget some traders and some trading houses buy Govt bonds and use that as support for their required margin . All we need now is a few big share indices to melt down and it COULD be GFC version 2 .
