Tag: Swiss Franc crisis

January 23, 2016 BY LeapRate Staff

How did the SNB reshape the FX industry?

The following guest post is courtesy of Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex. [divide] In my opinion, last year’s SNB decision to remove the 1.20 floor on EURCHF acted as a catalyst, reshaping how we now view and approach the FX industry. As we observed throughout 2015, the SNB move radically altered…

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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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January 18, 2015 BY LeapRate Staff

ETX Capital reports it is unaffected by Swiss Franc move

UK multi-asset broker ETX Capital has released a brief statement on its position following Thursday's mega-move in the Swiss Franc: ETX Capital Unaffected by Movement in Swiss Franc  ETX Capital is pleased to confirm that its financial position is unaffected following the extreme movement in the price of the Swiss Franc yesterday. The company is experiencing…

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January 17, 2015 BY LeapRate Staff

Markets.com reports business as usual, forgiving clients' negative equity balances

Another retail forex broker reporting on its post-Swiss Franc crisis position is Cyprus-based broker Markets.com. Markets.com is a subsidiary of CySEC-regulated Safecap Investments Limited, ultimately controlled by Israeli online magnate Teddy Sagi. Markets.com reports 'business as usual', and that the company actually had a profitable trading day in Thursday's session. In addition, the company stated that it is forgiving…

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