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
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.”
Katy Broomhead, KPMG Press Office
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.