GMO Click Suffers $937K Balance Hit following Swiss Franc Convulsions

On the heels of last week’s Swiss pandemonium and the consequent aftermath on FX markets, GMO Click Holdings incurred $937,766

GMO_Click_logoOn the heels of last week’s Swiss pandemonium and the consequent aftermath on FX markets, GMO Click Holdings incurred $937,766 (¥110 million) in negative client balances, but remains materially solid otherwise.

The outcome is roughly in line, albeit smaller, when weighed against Monex Group, who earlier announced that their combined brands, including Tradestation and remnants of IBFX, suffered client negative balances around $1.35 million following Swiss franc volatility last Thursday.

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Indeed, January 15’s Swiss franc volatility proved to be too widespread for even Japanese brokers to avoid, despite a broad-based focus on USD/JPY trading. The $937,766 in negative balances suffered by GMO Click is certainly worth noting but doesn’t risk plunging the group into any state of alarm – not all brokers can make this claim Monday however.

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