Shares in retail currency broker FXCM lost two thirds of their value on Tuesday as the company laid out details of a rescue loan after $200 million of losses on last week's shock removal of the cap on the Swiss franc.The U.S. firm is one of the biggest of the online brokers that have prospered over the past decade from a rise in small-time currency speculation, often by helping individuals to leverage relatively minimal sums into large currency bets.FXCM agreed an emergency loan with Leucadia National Corp on Friday, and laid out more details, including maximum funding charges of 17 percent per annum, in a statement overnight on Monday after European and U.S. markets closed.Frankfurt-listed shares in the company fell 70 percent in value to 1.456 euros per share, according to Reuters data.
Leucadia National Corporation is a diversified holding company. Shares of LUK fell by 0.27% or $-0.06/share to $21.78. In the past year, the shares have traded as low as $20.96 and as high as $28.72. On average, 1987680 shares of LUK exchange hands on a given day and today's volume is recorded at 621090.
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