Administrators appointed for failed spread betting firm

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 was considering the possibilities regarding Alpari.

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