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 …

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January 16, 2015 BY LeapRate Staff

Alpari UK enters insolvency

Alpari UK has released the following announcement on its website. We are still unsure if this covers just Alpari UK (which it seems to), or what if any effect this has on the entire Alpari Group. Either way, it is the biggest fallout announced so far from yesterday's incredible trading activity around the Swiss Franc…

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January 16, 2015 BY LeapRate Staff

IronFX reports strong risk management systems left it unaffected by Swiss Franc move

Another forex broker in the business-as-usual camp following yesterday's Swiss Franc move is IronFX. IronFX's statement on the effects of the Swiss Franc move yesterday: Following yesterday’s exceptional market events due to the Swiss National Bank’s abandonment of its EURCHF floor, many brokers have experienced major losses in their trading book. IronFX Global Limited was…

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January 16, 2015 BY LeapRate Staff

LMAX reports business as usual following extreme CHF volatility

LMAX Exchange has issued a release stating that it is 'business as usual' following the extreme market volatility caused by the discontinuation of the CHF peg by the SNB. LMAX says that the only changes are temporary increased margins of 10% on EURCHF and USDCHF and 5% on other CHF crosses. CEO David Mercer commented: Thursday…

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