UK 11:06 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
City forex dealer Alpari has today gone bust, fessing up to taking a £30 million hit as the Swiss depegged its franc from the Euro . the ripples of this mess will spread out to the Academy that is Upton Park in East London.
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Comments
trashbat
Surely Alpari blaming its clients is a joke.
If I came to you and bet that the CHF is going down in value, and then the opposite happened, you would win – quids in, even if you can’t extract all of the dues from me.
Who forced you to hedge your position or actually implement the same bet in the underlying instrument?
A cynic might suggest they actually incurred all their losses from customers’ CHF longs and their being a crap bookmaker in disguise.