Forex | Forex | M I G Investments Increases Share Capital to CHF 25Mio (05/05/2009 08:40:00)

M I G Investments Increases Share Capital to CHF 25Mio

Neuchâtel-based, leading Swiss FX broker, M I G Investments confirms a capital share increase to CHF 25Mio. The announcement is further evidence of the company’s solid growth and increasing market share since its inception in 2003.

Board members met last week to define the mitigation and scope of the increase in capital. The resulting decision raised the existing amount by CHF 15 Mio.

George Mansour, M I G Investments Chairman of the Board, asserts: "The Company is entering a new era. Despite today’s uncertain economic climate, the decision to increase our share capital to CHF 25 Mio is based on our positive market position and outlook for the industry. Our stellar financial performance last year, the commercial impact of regional business development and the increase in our client base as a result, and our high profile sponsorship of
Formula One’s Brawn GP, demonstrates our strong financial footing."

In 2008, M I G reported revenues of over CHF 60 Mio and currently achieves record monthly increases in its clientele base, with actual trading volume in excess of CHF 55 Bn.

This substantial hike in capital serves to reinforce M I G’s growth trajectory, providing greater security and increases
client confidence.

Last December, M I G submitted a Swiss Banking License application to the FINMA.
For more information, read our latest forex news.


Comments (0 posted):

Post your comment Forex-comment

Please enter the code you see in the image:


  • Forex-send Email to a friend
  •   Add To facebook

Rate this article
0
New Forex News

US: Mixed August labour market report

On balance the August labour market report disappointed slightly, but incorporated both positive and negative news.  The unemployment rate resumed its rapid upward trend hitting

Canada: First private payroll increase in 11 months

Latest (monthly change): +27.1k (Actual); -15.0k (expected) Previous: -44.5k FACTS : Canadian employment experienced a gain of 27.1K in August with part-time jobs increasing by

U.S: Top-line growth to resume in Q3

Market Watch With Q2 earnings essentially all in, investors are already turning their attention to the third quarter. The much-better-than-expected Q2 earnings came on the

U.S: Geithner at G20 Meeting

Today US Secretary Timothy Geithner released a statement of principles to guide forthcoming Group of 20 nations' meetings regarding financial regulation. These eight principles followed

U.S: Initial Jobless Claims

The four week moving average for Initial Jobless Claims has risen 14,750 over the month of August from 556,500 for the July 31st week to
U.S: ISM Non-Manufacturing (Aug)

U.S: ISM Non-Manufacturing (Aug)

The August ISM non-manufacturing index rose to 48.4 from 46.4, marking the 11th consecutive month that the sector contracted. Nevertheless, the pace of decline is

Gold Weekly Technical Outlook

Comex Gold (GC) Gold rose sharply to as high as 999.5 last week, just shy of 1000 psychological level, before turning sideway. Initial bias remains
Canadian Dollar Extend Gains on U.S. Optimism

Canadian Dollar Extend Gains on U.S. Optimism

The Canadian currency climbed even further before the end of this week’s session after optimism was renewed among traders with stocks and commodities climbing, After both Canada and the U.S. posted

GBPUSD's downtrend from 1.7042 extended further to as low as 1.6113 level

GBPUSD's downtrend from 1.7042 extended further to as low as 1.6113 level. Deeper decline is still possible next week and target is to test 1.5801

Forex Weekly Trading Forecast - 09.07.09

US Dollar: Will a Recovery in Liquidity Usher in a Breakout? Euro Forecast to Range Trade Against US Dollar on S&P Choppiness Japanese Yen Range