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Banking crisis strengthened ACM online trading business

publication date: Oct 2, 2008
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nick bang“Banking crisis strengthened ACM online trading business” Says Nick Bang,  Managing Director of the Swiss online broker ACM (Advanced Currency Markets). When asked how the current financial crisis impacted ACM’s Business, Managing Director, Nick Bang said: "The current turmoil in the financial, and mostly banking sector, generated huge volatility in the market. Most of our customers consider these moves as more profit opportunities. As a matter of fact ACM traded volume soared consistently in the recent weeks. ”

ACM is the leader in Online Currency Trading and as such is not exposed to any of the risky products which are the focus point of the crisis at the moment. “ Our clients are able to take advantage of the  most effective tools and services to successfully handle the foreign exchange market, the volatile conditions give them more opportunities of trading” says Bang.  With a recent rise of its share capital to 20 millions Swiss Francs, ACM is the largest capitalised Swiss online currency broker. “For some banking actors the interdependency of capitals turned to domino’s theory disaster.” says Bang,   “ACM’s  financing strategy is based on independent capital. We are simply not concerned with this crisis” ,"Moreover, we are working with a wide panel of providers granting us almost endless liquidity" he added.

Since its creation ACM has kept on growing. After Geneva, Dubai and Montevideo, the online broker has just strengthened its leadership with the opening of ACM USA, the U.S. based licencee of the ACM Group. the ACM Group is now present on four continents and offers all of its clients fast, efficient and secure access to four different online platforms.