Friday, Jan 16, 2015

A chill is blowing through the economy

Yahoo: Broker Alpari UK declares insolvency after Swiss franc losses

urrency broker Alpari UK declared insolvency Friday after clients' losses linked to the sharp rise in the Swiss franc were passed on to the company.
The news, revealed in a statement, follows a similar announcement by Global Brokers NZ in New Zealand

Posted by mark @ 12:49 PM (3420 views)
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1. hpwatcher said...

I think there is a lot more where that came from.

Friday, January 16, 2015 02:55PM Report Comment

2. libertas said...

This is a lesson to all of you. NEVER listen to central bankers.

When Carney says rates are going up, consider the opposite direction.

Friday, January 16, 2015 09:38PM Report Comment

3. khards said...

Did someone say bail in?

Saturday, January 17, 2015 09:26AM Report Comment

4. Crunchy said...

That was a close call....

Alpari UK was one of my forex brokers until about two months ago, after they froze my platform for two hours while I took a hit.

Their staff were arrogant and it seems that their risk management was also lacking. Out of the forex market now. The currency wars are hotting up and it will be too risky for my liking. In long on silver-(XAU) now. More stable. How high will silver go after this mess finally unfolds into the long awaited panic? Pictures of Wall St traders covering their mouths in disbelief are still a clear memory. Bless 'em!

Sunday, January 18, 2015 12:00AM Report Comment

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