Yesterday’s events’ summary: eToro holds strong in the face of the Swiss flash crash
Yesterday was an unprecedented day in the currency markets. To better understand what started this historic event, you’re invited to read more about it here.
As a result of the SNB’s announcement and the following volatility in the Swiss Franc markets some of our clients suffered losses while others made gains. Overall the eToro community has been very understanding of the situation. While these events were hard for many, they also allowed us to witness once again how traders help each other within our social investment network.
It’s important to note that the eToro trading desk hedges its trades with our liquidity providers, therefore any losses that our clients suffered were losses in the institutional market. With that in mind, we are pleased to inform you that we are dealing with these events from a strong, stable position, while in full compliance with our regulatory demands and commitment to our clients.
Furthermore, we are back to business as usual with our system fully operational, after a few hours of suspending trading for all CHF crosses yesterday. All deposits, withdrawals and orders are being executed in a fast and orderly manner.
We would like to thank you again for your support throughout this volatile and historical day.
*This is a PR notice from eToro