MB Trading Experiences Minimal Impact from SNB Action
(El Segundo, CA) – January 16. 2015 – Manhattan Beach Trading Financial Services, Inc. and MB Trading FX (collectively referred to as “MB Trading”), a technology-driven, low-commission brokerage specializing in order routing in Forex, Equities, Futures, and Options through various global exchanges and electronic networks, announced Friday that the company experienced minimal impact from the Swiss National Bank surprise news announcement Thursday morning.
“Our systems remained stable and though liquidity provided by banks became nonexistent , MB Trading continued to operate normally through managing risk with the added benefit that clients could match orders against other clients within our EXN technology,” said Ross Ditlove, CEO of MB Trading. “Our Forex customers on all of our integrated platforms, including our own MBT Desktop Pro platform, cTrader, and MetaTrader, saw almost no lapses in trading availability. There were definitely fast market conditions in pairs like the USD/CHF and EUR/CHF that caused price gaps for some customer orders, but overall, the impact was immaterial.”
MB Trading also reported that only a small percentage of customer accounts were negatively impacted and that there was no consequential effect on the firm's net captial requirements due to the news.
“MB trading is nearing the close of its second decade in operation; our path has always been to offer reliability and safety to its clients. MB Trading’s choice to offer straight-through processing instead of trading against our customers means greater safety for our client base as a whole. We choose to offer a true Forex marketplace by combining liquidity partners and presenting a real Forex trading environment. We maintain that our offering is in the best interests of our Forex client. The decision in choosing a Forex brokerage should be based on more then popularity. MB Trading maintains technology, staff, and a commitment to reducing and avoiding risk to itself and its clients at all times.
About MB Trading:
Securities products are offered through Manhattan Beach Trading Financial Services, Inc., member FINRA, SIPC. MB Trading Futures, Inc. is a CFTC registered RFED and member of NFA. MBTF offers execution and settlement services for futures based products and Forex products.
Trading in stocks, futures, options, and Forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading futures, options and Forex because there is always the risk of substantial loss. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
All trademarks are the property of their respective owners.
Contacts: All inquiries can be directed to: David Lipsett - firstname.lastname@example.org