Trading Halted In Jefferies Parent Leucadia As Regulators Try To Hold FXCM Pieces Together

While the fallout from the shocking flash volatility in the Swiss franc remains to be sorted out, shares of Leucadia National, parent of investment bank Jefferies, were halted in midday trading.

Jefferies to purchase or extend credit to FXCM

Jefferies was in talks with FXCM Inc., the troubled foreign exchange brokerage, to extend credit to the firm and recently was reported to extend a $300 million credit line.

After the abrupt move in the Swiss franc rocked markets, it left FXCM customers owing nearly $225 million in margin calls to the brokerage. In turn, the company seeking $300 million in a lifeline from Jefferies, The Wall Street Journal reported.  Derivatives industry regulators are said to be...