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i.c market and chf

Biedrs kopš Feb 11, 2011  1916 ieraksti rob559 Jan 19 2015 at 18:02

Dear Valued Client,

A message from Goran Drapac, Chairman and Chief Executive Officer of AxiCorp Financial Services Pty Ltd:

“On Thursday 15th January, the Swiss National Bank withdrew its policy regarding the 1.20 EURCHF price floor. Consequently, the foreign exchange market in Swiss Franc experienced an unprecedented disruption.

Like many firms, some of AxiTrader's clients sustained losses greater than the balance of their accounts due to the gap in market pricing. The overall financial impact on AxiTrader has been limited and our regulatory capital and cash resources remain above the regulatory requirements. Customers can be assured that Client Funds remain segregated and business remains as usual.”

Goran Drapac
Chairman and Chief Executive Officer

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