19 Jan 2015
Stronger Dukascopy Bank looks for acquisitions - FXStreet.com mistake
FXStreet (London) - After having passed through the effects of the Swiss National Bank’s surprise decision on Thursday 15 to cease defending the CHF1.200 level and the ensuing high volatility and low liquidity conditions, Dukascopy Bank has reported a 100 percent increase in account applications and looks to acquire brokers in trouble.
FXStreet announcement dated 16 January 2015 according to which Dukascopy Bank would have suffered USD 40 million losses was mistaken. Our news has been corrected here and we apologize for the confusion.
Below is the public announcement of Dukascopy Bank dated 16 January 2015:
Dukascopy Bank
CHF dramatic shift
Dukascopy Group announced that it has safely passed through the CHF dramatic price shift. It was achieved thanks to advanced execution technology, careful risk management policy and reduced leverage on EURCHF till level of 1:10.
The scenario of such shock had been anticipated four months in advance as shown in Dukascopynews published on 3rd of 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".
Dukascopy well known ECN business model and careful risk management approach proved once again to be reliable and trustworthy.
FXStreet announcement dated 16 January 2015 according to which Dukascopy Bank would have suffered USD 40 million losses was mistaken. Our news has been corrected here and we apologize for the confusion.
Below is the public announcement of Dukascopy Bank dated 16 January 2015:
Dukascopy Bank
CHF dramatic shift
Dukascopy Group announced that it has safely passed through the CHF dramatic price shift. It was achieved thanks to advanced execution technology, careful risk management policy and reduced leverage on EURCHF till level of 1:10.
The scenario of such shock had been anticipated four months in advance as shown in Dukascopynews published on 3rd of 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".
Dukascopy well known ECN business model and careful risk management approach proved once again to be reliable and trustworthy.