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The special administrators of Alpari UK have reported that the funds in the client money pool (CMP) at bankrupt Alpari UK have decreased by almost $0.4 million partly due to the amount held in British pounds. As the exchange rate of the UK currency is starting to reflect the risks of a Brexit, client money has fallen to $98,244,193 from the $98,653,000 reported back in April 2015.
The changes are relatively minor and are not expected to materially affect the outcome of client funds distribution. KPMG has also confirmed that its current expenses of $6.1 million have already been drawn from the ... (read more)