Arab Today, arab today broker alpari uk declares insolvency after swiss franc losses
Last Updated : GMT 05:49:56
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Broker Alpari UK declares insolvency after Swiss franc losses

Arab Today, arab today

Arab Today, arab today Broker Alpari UK declares insolvency after Swiss franc losses

Swiss central bank
London - AFP

Currency 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. FXCM in New York has said it "may be in breach of some regulatory capital requirements" after clients left it with millions of dollars in losses.

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