Client money pools and the ability to make a claim via a claims portal which will be available for the first tranche of clients to agree the balances of their accounts by 6 March 2015 are subjects to be discussed at the Clients and Creditors Meeting, scheduled for March 12, 2015
Read moreLeapRate Exclusive... We continue to follow the saga of Alpari UK, which remains in administration by KPMG with funds of former Alpari UK clients (although apparently safe and accounted for) still not yet returned to their rightful owners more than one month after Alpari UK entered insolvency. Last week, we reported that Alpari UK's intellectual property…
Read moreA look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate news, sign up to our Daily Forex Industry Newsletter on the right. → Last week, LeapRate's Andrew Saks-McLeod spent the week in Mexico City amongst fellow…
Read moreAlpari UK Special Administrator Samantha Bewick of KPMG speaks exclusively with LeapRate as to what work is being done behind the scenes.
Read moreEarlier today KPMG, the company that provides the special administration services to troubled FX broker Alpari UK, issued an update on how the insolvency procedures are developing. The administrators confirm the sale of intellectual property assets (including the Alpari trademarks) to Andrey Dashin, a deal that is set to release funds sufficient to recover some…
Read moreLeapRate Exclusive... LeapRate has learned that the M&A discussions revolving around Alpari UK and the possibility of selling the firm intact have evaporated in the past 24 hours, with the last potential buyers deciding to walk away. As we reported earlier in our exclusive unveiling of the Confidential Information Memorandum put out by Special Administrator…
Read moreIt has been more than three weeks since the events of January 15, 2015, which turned the forex trading world on its head resulting in the bankruptcy of some brokers, most prominently Alpari UK. Alpari UK remains in insolvency under administration of KPMG, which has spent most of the past three weeks attempting, unsuccessfully, to…
Read moreThe administrators from KPMG, who have been in charge of Alpari UK after the FX broker filed for insolvency less than two weeks ago, today issued a rather disappointing update for the clients of troubled company. In the announcement, dated January 30, 2015, the administrators say they are still in the process of analysing the…
Read moreHow much did Alpari UK lose on 'Black Thursday'? How big is Alpari Japan? What is administrator KPMG looking for? All that and more is inside.
Read moreAlpari UK's Special Administrator, KPMG, has issued an update to (former) clients and creditors of the company. Interestingly, KPMG points out that in its initial review of trades at Alpari UK on the fateful day of Thursday January 15 (after the SNB's surprise move removing the EURCHF 1.20 floor) it has found some 'inconsistencies' in…
Read more