Administrators Appointed For Failed Spread Betting Firm

But plenty of interest in Alpari

KPMG, appointed as administrators for failed UK spread betting firm Alpari, have indicated that there is plenty of market interest in the enterprise and that several offers have been made for either the whole company or parts of it.

Alpari shut down last week, crippled by the Swiss Central Bank's decision to uncap the Swiss franc, which created a dangerously volatile trading environment.

KPMG has assured clients that around GBP 66 million in client accounts will be returned to them.

KPMG spokesman Richard Heis said this week that the administrators would be meeting with several interested parties to discuss possible deals over the next few days.

One of the interested parties is Aussie foreign exchange group Pepperstone, whose owner Owen Kerr has confirmed that he is considering the possibilities regarding Alpari.

Online Casino News Courtesy of Infopowa

More news


About the Author... Total Posts Written: 9,462


The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

See More Posts