Alpari (UK) Limited (in special administration) completes sale of client data to ETX Capital

Alpari (UK) Limited in special administration

Joint Special Administrators of Alpari (UK) Limited (in special administration) (the Company) can confirm that an agreement has been reached for the sale of the client data to ETX Capital

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Richard Heis, Samantha Bewick and Mark Firmin, Joint Special Administrators of Alpari (UK) Limited (in special administration) (the "Company"), can confirm that an agreement has been reached for the sale of the client data to ETX Capital.

An initial consideration has been received for the client data and an additional amount will be received for each Alpari (UK) client who chooses to deposit funds with ETX Capital.

ETX will shortly be contacting former Alpari (UK) clients offering them the opportunity to open an account and, should they wish to do so, authorise the transfer of any client money due to them to their newly opened ETX account.

Richard Heis, Joint Special Administrator of the Company and partner at KPMG, commented: “Following substantial initial interest in the Alpari (UK) client list, we are pleased to have now concluded a sale, as we continue to work to seek ways to maximise the level and speed of return to clients and creditors in accordance with our statutory duties.”

-ENDS-

 

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This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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