How Swiss Shock Humbled King of Leveraged Currency Trading

Drew Niv, founding partner and chief executive officer of FXCM Inc., center, attends the opening bell ceremony at the New York Stock Exchange on Dec. 2, 2010.
Photographer: Ben Hider/NYSE Euronext via Bloomberg

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By David Evans

January 20, 2015 at 6:00 AM EST

Updated on

January 20, 2015 at 9:24 AM EST

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Drew Niv was looking for action. Then action came looking for him.

While in his 30s, Niv built his young brokerage, FXCM Inc., into a money machine by turning the global foreign-exchange market into a playground for day-traders.

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