ThinkForex: Financial position following Swiss situation

ThinkForex announces robust financial position following Swiss situation

ThinkForex, a global leader in foreign exchange (‘forex’, ‘FX’), metals and CFD trading, announces a strong financial position and business as usual following the Swiss National Bank’s (SNB) closure of the EUR/CHF currency floor.

Stefan Lucas, Group Head of Marketing, commented: “We continue to hold capital well in excess of all ASIC regulatory requirements, and confirm that trading on all CHF markets is currently ‘close- only’. Clients with existing open positions are free to hold these positions, and can close them at their convenience. As markets return to normal, we expect trading on CHF markets to resume again. We will keep clients notified in due course.”

Mr Lucas went on to say: “We are pleased to report that due to our strong financial situation with market-leading risk management technologies and processes, we are able to operate business as usual and have suffered no material losses as a result of these movements or any trading activity.”

ENDS

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