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Statement on Swiss Franc Movement

ICM Capital

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 caused unprecedented volatility in the market, as a result, several major brokers have declared financial problems.

In light of this industry-wise storm, we feel the necessity to reassure the safety of our client’s funds. ICM Capital is pleased to confirm to the market that ICM Capital’s risk department has managed our exposure to the Swiss franc with exceptional performance and this dramatic Swiss franc movement has had no material impact on the company’s financial and trading position. ICM Capital remains financially strong and are within capital regulatory requirements.

If you have any queries, please do not hesitate to contact us on +44-207-634-9770 or email to clientservices@icmcapital.co.uk

Source: https://www.icmcapital.co.uk/press_release/2015-01-16.php#top
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