BUSINESS AS USUAL

PFD-NZ today reported business as usual following the extreme market volatility caused by the discontinuation of the CHF peg by the SNB.

Thursday was a difficult day for the FX marketplace following the unprecedented volatility in the Swiss Franc. Our risk management ensured that PFD-NZ suffered no financial repercussions. It is business as usual for our clients on Friday.

To guard against the severity of the price action after the announcement, we have increased minimum margin for CHF pair to 5%.

PFD Team

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