The money is sitting in segregated accounts
They also say that they’ve had a number of enquiries from parties interested in the business
Alpari has also changed the message on their website to say that they are no in insolvency
The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. Retail client funds continue to be segregated in accordance with FCA rules. For the avoidance of any doubt and notwithstanding previous announcements by the company, Alpari (UK) Limited has not entered a formal insolvency process. The board of directors are urgently considering all options including a sale and are liaising closely with the FCA. We hope to make a further announcement shortly.
KPMG have been put in charge of proceedings having been appointed special administrators. Finding buyers or a way to save the business is the first step before any liquidation
