Richard Heis, Samantha Bewick and Mark Firmin, Joint Special Administrators of Alpari (UK) Limited (in special administration), can confirm that an agreement has been reached for the sale of the client data to ETX Capital.
An initial consideration has been received for the client data and an additional amount will be received for each Alpari (UK) client who chooses to deposit funds with ETX Capital.
ETX will shortly be contacting former Alpari (UK) clients offering them the opportunity to open an account and, should they wish to do so, authorise the transfer of any client money due to them to their newly opened ETX account.
ETX Capital CEO Special Messege
“We are very excited about this deal as it complements two of our main strategic drives: the expansion of our MT4 offering and the continued expansion of our international customer base,” said Andrew Edwards, CEO of ETX Capital. “We know that the last few months have been difficult for these Alpari customers; our multi-platform multi language capabilities make us best placed to address those clients’ needs. Whilst the clients may pursue their funds themselves through the administration process, we hope they accept our offer of assistance in facilitating a smooth transition of their funds to ETX Capital.”
John Wilson, ETX Capital’s Chairman said, “At ETX Capital we have had a very good first quarter despite the issues that brought down Alpari; following on from record revenue and profits in 2014, this deal will further accelerate our growth and increase momentum.”
ETX Capital (ETX) is a leading UK-based, global provider of online trading solutions to the international retail marketplace. Its clients trade Forex, CFDs and Spreads using both MT4 and proprietary platforms on a wide range of assets from FX, indices and commodities through to individual equities.
ETX Capital’s predecessor was incorporated in 1965 and the company has been offering online trading since 2002. Today it offers trading in some 6,000 instruments across 20 national and international markets and operates with 150 staff based in the UK as well as having offices in a number of international locations.
Developing, more to follow…