FXCM, the foreign currency broker hammered by the Swiss National Bank's decision to remove its cap on the franc's value last month, will stop trading selected currencies this week to protect against potential volatility caused by future central bank moves.
The broker will discontinue 13 currency pairs on Friday, an FXCM spokeswoman confirmed to CNBC. It will drop trading in pairs that include the Swedish krona, Singapore dollar and Norwegian krone, among others currencies, according to an email sent to clients on Feb. 4.
FXCM took more than $200 million in losses after the Swiss franc shot higher on the central bank's move last month, CNBC reported previously. It received a $300 million emergency loan from Leucadia National.
U.S.-listed shares in FXCM were down nearly one percent on Tuesday.