Statement: FXDD open for business, minimal impact from CHF

Author: Adam Button | Category: News

FXDD has released a statement on yesterday’s moves to say all trading operations are operational.

FXDD GLOBAL OPEN FOR BUSINESS, MINIMALLY IMPACTED BY CHF VOLATILITY

NEW YORK—January 16, 2015— FXDD Global (www.fxdd.com), a leader in international online foreign exchange trading, is fully operational following yesterday’s extreme market volatility in CHF currency pairs.

FXDD Global is communicating to customers and other traders looking for services that its’ customer service team is standing by to answer any and all questions. Electronic funding and transfer capabilities such as deposits, withdrawals and account transfers are also fully functional.

“As a result of yesterday’s decision from the Swiss National Bank to discontinue its minimum exchange rate, causing extraordinary volatility and creating massive gaps where pricing was not available and no execution was possible, as with all entities in the FX Space, FXDD was forced to adjust pricing in the CHF pairs,” said Emil Assentato CEO of Currency Mountain Holdings and Chairman of FXDD Global. “We apologize for having to take this extraordinary action. This was a global event that created illiquidity in all Swiss related products. All financial institutions have suffered because of this crisis. Despite these extraordinary market conditions, FXDD Global’s trading operations remain stable and we remain fully operational and open for business,” said Assentato.

Customers and traders with any questions about their forex trading needs are urged to call FXDD Global customer service at: +356 2013-3933.

It was a long day at a lot of brokers yesterday and we’re always happy to relay good news.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose