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ALPARI - Important announcement

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules. - See more at: http://www.alpari.co.uk/client-updates/notifications/posts/2015/january/important-announcement#sthash.yYf1GOvP.dpuf

Alpari UK enters insolvency – Rtrs

4 minutes ago | January 16th, 2015 09:48:52 GMT by Ryan Littlestone View Comments

Reuters report that they’ve entered into insolvency after clients sustained losses on yesterday’s Swiss Franc moves

Statement on Alpari’s website is as follows;

Important announcement

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules.

– See more at: http://www.alpari.co.uk/client-updates/notifications/posts/2015/january/important-announcement#sthash.8SZIPTqA.dpuf

Clients of New Zealand forex broker Global Brokers NZ Ltd, which operates Excel Markets, have been told the company “can no longer meet regulatory minimum capitalization requirements of N$1,000,000 and will not be able to resume business.” Client positions will be closed within the next hour