Forex broker Liquid Markets stops operations due to “Black Thursday” losses
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After close communication with the FCA, it was determined the only step forward for FX provider Liquid Markets is to cease carrying on any business that involves the carrying on of any regulated activities.
Another dismal piece of news regarding the consequences of “Black Thursday” events has just become known. Liquid Markets, a retail Forex broker whichobtained its license with the UK Financial Conduct Authority in May of 2014, is halting its operations due to the fallout from the decision of the SNB to remove the effective 1.20 floor on EUR/CHF trading on January 15, 2015.
The website of the Forex broker today reappeared with a message that informed the public that the company has ceased providing all services regulated by the FCA and that it is terminating all existing derivatives contracts to which it is a party.
The measures have been discussed with the UK regulator.
All open positions of Liquid Markets’ clients are closed with immediate effect, with clients able to gain information about the status of transactions by logging into their accounts.
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