Due to solid financial standing and conservative risk management policy, 3TG Brokers are ready to buy client portfolios of Forex brokers who are facing severe difficulties as a result of the sudden CHF volatility.
Despite the unexpected announcement of the Swiss National Bank, and the high volatility in CHF pricing that followed, it has had no effect on the stable operation of 3TG Brokers. With strong fundamentals in its liquidity service, the company expects an inflow of money managers looking for a stable, secure, and transparent FX Broker partner. Leveraging on its firm capital base and highly dedicated team, 3TG Brokers is ready to grow its client base and face new challenges.
3TG Brokers stands as an example to other financial investment firms, and proves that the constant analysis of market developments, and highly refined risk management rules are of utmost importance in this business. The management of 3TG Brokers was content to see the company’s risk management in action, and is confident that the trading operation will run smoothly under even more volatile market conditions.
3TG Brokers, a clear winner amidst the CHF turmoil, is stronger than ever and is ready to simultaneously welcome new clients, and buy out FX brokers who lack sufficient capital to continue their operations.
Swiss Events From Last Week
Last Thursday, the Swiss National Bank (SNB) left the foreign exchange market in turmoil by removing the exchange rate cap of 1,2 against the Euro which it has held for over three and a half years, since 2011. By doing so, the SNB has eliminated the barrier for the Swiss Frank to grow stronger and to continue acting as a safe haven for international investors. As a countermeasure, the SNB decreased the interest rate and indicated that a target range of -1,25% - -0,25% is preferable.
SNB’s reasoning behind the dramatic steps was simple; the world economy has already become accustomed to the strong CHF, is expected to grow weaker against USD, and SNB will not let the monetary policy become overly strict. In spite of this reasoning, the financial markets have erupted, and the huge demand for trading in CHF drove a sudden lack of liquidity. This has caused CHF trading to be suspended or severely restricted at most brokers. The sudden volatility in CHF pricing caused a huge number of traders to be stopped out due to a lack of collateral, which in turn left Forex brokers on the verge of banktrupcy, not able to stand in for the losses stopped out client positions amassed.
About 3TG Brokers
3TG Brokers is the Forex, CFD, ETF and Futures brokerage brand of 3TG FX Financial Limited Partnership based in Christchurch, New Zealand.
Traders looking for a reliable broker offering outstanding trading conditions on various asset classes have arrived at the right place. 3TG Brokers is committed to meet the needs of its customers be it superior execution or tight spreads. We are ready to give traders the most suitable environment with our flexible account structure and generous pricing for both beginners and professionals.
In the past years 3TG Brokers has excelled in providing trading services to money managers. Our partners are free to create their own portfolio of trading services leveraging on our superior trading technology and exceptional client- and partner support. 3TG Brokers is not simply one of the retail brokers out there, it is the ideal partner for customer oriented money management!
