16 Jan 2015
Dukascopy announces that it is secure after yesterday's CHF volatility
FXStreet (London) - Swiss brokerage Dukascopy Group has announced that it remains on firm footing after yesterday’s CHF volatility.
Dukascopy had previously warned clients of the risk of an end to the EUR/CHF peg in October 2014. "Due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps and cause negative equity on client accounts, Dukascopy Bank is forced to implement a maximum leverage for EURCHF exposures of 1:10 as of 12 October 2014".
The statement from Dukascopy comes after brokers Alpari and Excel Markets were forced to shutter as a result of substantial client losses.
Dukascopy had previously warned clients of the risk of an end to the EUR/CHF peg in October 2014. "Due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps and cause negative equity on client accounts, Dukascopy Bank is forced to implement a maximum leverage for EURCHF exposures of 1:10 as of 12 October 2014".
The statement from Dukascopy comes after brokers Alpari and Excel Markets were forced to shutter as a result of substantial client losses.