There are a number of participants in the foreign exchange market who take positions against their clients or offset client transactions internally with each other, many of these were affected by the sudden movement in currencies following the Swiss National Bank announcement on the 15th January and subsequently suffered material financial losses.

Currency Wire only acts as an agent, all trading exposure is with our liquidity provider, meaning we never hold currency positions ensuring clients their and the company’s monies are never put at risk hence providing peace of mind.