Plus500- Statement on Swiss Franc Movement
Plus500 Ltd., a leading online service provider for retail customers to trade CFDs internationally, notes the exceptional movement in the value of the Swiss Franc today and is pleased to confirm to the market that this has had no material impact on the Company’s financial and trading position. The Company is experiencing a profitable trading performance today and believes this is testament to the robustness of its risk management policies and processes which effectively managed the Company’s exposure to the Swiss Franc. The Company’s proprietary risk management system ensures that overall exposures to a single instrument, such as the Swiss Franc, are unlikely to have a material impact on the Company’s financial position. The Company wishes to remind investors that its customers are unable to lose more than they deposit with the Company and hence the Company has no credit exposure to its customers.
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*This is a PR notice from Plus500