Administrators for spreadbetter Alpari UK, have received more than 40 expressions of interest for the firm, it is understood. The company called in KPMG as its administrator on Monday, after it made huge losses following a decision by the Swiss central bank to remove its currency ceiling, which caused the Swiss franc to jump 30 per cent. City A.M. understands KPMG is hoping to sell the business in the next seven days. In a statement today, online forex broker IronFX confirmed it was one of the bidders, saying it "understand[s] the sector and Alpari's business well. The company also understands the pending court cases ... (full story)