Tag: negative client balances

January 19, 2015 BY LeapRate Staff

Monex Group reports just ¥160M (USD $1.4M) of negative client balances, no Swiss Franc material impact

Japanese retail forex broker Monex Group, Inc. (TYO:8698) has released a statement indicating that it experienced no material negative financial impact from last week's Swiss Franc volatility. Monex did experience some clients with negative equity balances, but those totaled just 0.2% of the firm's assets, or about ¥160 million (USD $1.4 million) of negative balances. The…

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