Financial technology provider Boston Technologies Powered by Forexware, alongside its liquidity provider partners, Boston Prime Ltd. and BT Prime Ltd., have confirmed that they are fully operational following Thursday’s historic market volatility in CHF currency pairs.
As a consequence of the Swiss National Bank’s decision to discontinue its minimum exchange rate, markets suffered extremely adverse liquidity conditions which forced our liquidity providers to temporarily suspend trading following the bank’s announcement and to re-Boston Technologies Powered by Forexware, Boston Prime Ltd. and BT Prime Ltd.
The company asserts that it was able to maintain stable operations and all client services teams around the globe and is fully prepared to provide assistance to clients and partners as usual. The company’s accounting services remain unaffected and all fund transfers are being processed routinely and clients’ funds are safe.
“This is a very challenging time for the industry and we will undoubtedly see the entire industry re-shaped following this historic market event”, said Natallia Hunik, Vice President of World Wide Sales at Boston Technologies Powered by Forexware.
“While the devastating event has forced many brokers out of business, we are open for business and assisting professional investors and brokerage companies looking to trade or hedge their market exposure with a reliable counterparty at 100:1 leverage and extremely competitive trading conditions. We also expect an entirely new class of brokers to emerge post ‘black Thursday’ and are here to assist them with our turnkey brokerage solution that features a wide array of tools, including a superior risk management suite” concluded Ms. Hunik.