Alpari Announces Insolvency

Posted on Jan 16 2015 - 8:47am by Sharpe Trade

I said this in a video yesterday, but this move by the Swiss National Bank not only caused a twenty plus standard deviation splash in markets yesterday, but it also has incredible implications across many markets, institutions and participants.

It seems that Alpari has announced it is insolvent, due directly to the move of the Swiss National Bank on the Swiss Franc.

I can’t even begin to express how happy I am I trade currencies crosses through Oanda.

To those who are hurting from the Swiss Franc move, I’m not joking … I really do feel for you.

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