KPMG has announced a client money distribution of 51c in the dollar for Alpari UK clients, as well as having confirmed the value of CHF trades which were open on January 15 when Alpari became insolvent. The total amount of client funds recovered to date amounts to $98,653,088
Read more"Our capital position helped us withstand the extreme market impact and most investors appreciate that. We have since been focusing on making sure that our risk models are dynamic and robust" says Saxo Bank CEO Kim Fournais in an exclusive interview with LeapRate
Read moreThe Swiss National Bank held 498,398 billion Swiss francs in foreign currency at the end of January, compared with 495,130 billion francs in December, revised from an originally reported 495.104 billion
Read more"We are providing M&A opportunities and favourable capital investment terms to forex brokers that are experiencing financial stress due to recent market events.” - Mitch Eaglstein, CEO, Fortress Prime
Read moreIn our continuing coverage of how some of the Forex industry's leading firms dealt with Black Thursday and what has followed, we are pleased to speak today with Andrew Edwards, CEO of leading UK-based online trading firm ETX Capital. With a lot of the talk post-SNB move revolving around M&A - e.g. who might buy…
Read moreMB Trading, the financial brand uniting Manhattan Beach Trading Financial Services, Inc. and MB Trading FX, announced today it had felt a minimal impact from the Swiss National Bank (SNB) surprise action on Thursday morning. There are no consequences for the group's capital and its ability to meet regulatory capital requirements, the US online trading…
Read more"...yesterday’s event is truly historical and for most of us it is difficult to comprehend. It will have a major impact on the industry moving forward." - Lars Holst, CEO, CFH Clearing
Read moreIn the aftermath of Switzerland's floor drop which created dramatic and unforeseen circumstances for FX market participants globally, is the Eurozone heading for quantitative easing?
Read moreThe decision by the Swiss National Bank has prompted the biggest FX broker in Russia to switch trades with CHF pairs to “Close Only” mode.
Read moreApparently the SNB has decided it can't defend EURCHF 1.20 just by intervention.
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