Cyprus, January 16th, 2014: The financial markets went through a big shock yesterday with the extraordinary climb of 30% by the CHF (Swiss Franc) against the Euro, resulting from the decision of the Swiss National Bank to break the ceiling of the CHF against the Euro that was put in place three years ago.
Following the announcement, the financial markets suffered severe repercussions, causing great volatility to currency pairs that include the Swiss Franc. This force majeure event unfortunately led to the breakdown and insolvencies of several renowned Forex brokers, as they were unable to sustain their exposure and undertake the losses incurred by the volatile move.
Although this was an extreme case of market volatility, Windsor Brokers Ltd has reassured clients and business partners that they were able to absorb the shock without affecting trading operations and that they continued to conduct business as normal.
The company prides itself on its strict internal procedures and risk management policies which they have built over their 26 years of experience as well as its conservative stance on gradual development. Risk management policies have helped the company resist tough market conditions and solidify its processes in order to remain actively strong over the years.
Windsor Brokers’ capital adequacy ratio is currently five times the minimum required as per EU regulations, one of the highest ratios in the FX industry. In addition, clients’ funds are kept in segregated accounts in several first-class banks in order to guarantee their safety.
About Windsor Brokers Ltd.
Windsor Brokers Ltd. was ranked by the Cyprus Securities and Exchange Commission, ‘CySec’ as one of the top 10 CIFs based on capital reserves beginning 2013.
Windsor Brokers Ltd. is licensed and regulated by CySec (Cyprus), EEA authorized by the FCA (UK), registered with the ACPR (France) and BaFin (Germany) and complies with MiFID.