Company news

Trading on CHF Pairs Switches to "Close-Only" Mode Following SNB Shock Decision

The Swiss National Bank's decision to abandon the franc's cap against the euro just days after officials stated that this policy is as concrete as ever, sent shock waves across the currency markets and pulled the rug out from under the feet of investors worldwide.

Forex Time would like to report that this unexpected turn of events has not had a major impact on the Company, as a solid risk management policy has always been in place to safeguard the Company and its clients against situations like this. We would also like to assure clients that our capital adequacy ratio has not been affected in the least; all losses have been absorbed and our client's funds remain protected. Any negative balances which have arisen are in the process of being corrected and business will continue as usual.

Forex Time would like to inform all clients that we are still allowing trading on CHF pairs, but only in "Close-only" mode. This means that those traders who currently hold open positions can close them, however new positions cannot be opened.

Trading on CHF pairs will resume as normal shortly, as the market stabilizes. Please refer back to our website for further updates.

Friday, 16 Jan, 2015 / 12:28

Source : http://www.forextime.com/eu/forex-time/news/20150115/trading-chf-pairs

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