Alpari UK’s Special Administrator, KPMG, has issued an update to (former) clients and creditors of the company. Interestingly, KPMG points out that in its initial review of trades at Alpari UK on the fateful day of Thursday January 15 (after the SNB’s surprise move removing the EURCHF 1.20 floor) it has found some ‘inconsistencies’ in how certain trades were processed at Alpari UK. As a result, KPMG points out that a client’s account balance from any time after the SNB announcement that Thursday morning might not be accurate. This ‘inconsistencies’ issue is not expected to impact Alpari UK clients who only held cash ... (full story)