One Financial Markets (OFM) has today confirmed that it was not adversely affected by the impact of the shock SNB announcement yesterday which resulted in unprecedented volatility in all markets linked to CHF.
The London-based online broker was able inform its clients that, despite yesterday’s extreme volatility, prudent management of its trading book has resulted in no significant losses.The volatility has resulted in some major names within the industry announcing heavy losses and one of the highest profile names posting an insolvency notice on its website.
OFM’s Director of Trading, Andrew Henderson confirmed that yesterday’s events would only serve to reinforce the perception of the company’s integrity and strength. “The statements from Alpari and others over the last twenty four hours will enhance our position in the industry as one of the most secure FCA regulated brokers.”
“We take a responsible and professional approach to Risk Management throughout our business and clients can be confident they are dealing with a financially sound company, despite the devastation that others have experienced. It is very much business as usual at One Financial Markets” concluded Mr. Henderson.