News on Swiss Franc Movement – 16/01/2015
Dear JustMarkets clients,
15.01.2015 Central Bank of Switzerland, abolished the upper limit of the Swiss franc against the euro.
This step of the bank has led to a sharp increase in the cost of the franc towards the euro, which caused high volatility on the market in the pairs that include the Swiss franc.
As a result, a big number of brokers have experienced losses in their trading book.
We would like to announce that JustMarkets has not suffered from the situation on the market thanks to thoughtful actions taken by
the risk management team and procedures that are fundamental for the company.
Please note that in spite of the extreme fluctuations in the prices of currency pairs with the Swiss franc, the company's capitalization is complete.