London Capital Group says Swiss Franc losses will not exceed £1.7 million LeapRate

January 16, 2015 BY LeapRate Staff

London Capital Group says Swiss Franc losses will not exceed £1.7 million

UK spreadbetting company London Capital Group Holdings plc (LON:LCG) has put out a statement on its exposure to yesterday's sudden Swiss Franc move. LCG's shares were down more than 10% in early Friday trading. LCG's statement reads as follows: LCG maintains minimal exposure Following yesterday's announcement by the Swiss National Bank, which resulted in extreme movement …

FxPro reports negative client balances but claims it is business as usual

Statement from retail forex broker FxPro on its situation following the CHF move: FxPro Group announces that negative balances resulting from yesterday’s extreme market conditions on CHF crosses have not affected the funds of our clients. All such losses were borne solely by the capital the company places as collateral with its prime broker and…

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