Statement on high Swiss Franc volatility 2015.01.16
The Swiss National Bank's unexpected and radical policy change yesterday (Thursday 15 January 2015) has had a profound effect on many financial institutions. Forex brokers may be experiencing financial difficulties as a result.
While Admiral Markets Group has also been affected by these events, we want to reassure you that the effect is limited allowing the Group and its regulated legal entities to continue providing services to its clients.
Further trade execution adjustments are likely to be processed on some client accounts as well as Admiral Markets accounts held with its counterparties.
Due to temporary limitations by liquidity providers the following instruments are not available for trading:
EURHKD, EURMXN, EURSGD, EURZAR, GBPCZK, GBPDKK, GBPHKD, GBPHUF, GBPMXN, GBPNOK, GBPPLN, GBPSGD, GBPTRY, GBPZAR, NOKSEK, NZDSGD, USDCNH.
If you have any questions, we invite you to please contact your account managers around the world where we will be happy to assist you.
Admiral Markets Team