Well friends, the unbeleivable has occurred: its sleeves have rolled up and got to work. As a result, M I G is the first Swiss Currency Market broker to have been approved by the Swiss regulatory auhority and will subsequently change its position. This will occur to all Currency agents, at least.
It's taken FINMA a great deal of time to try so -- all agents and consequently nearly annually were in the dark about their own future. Rather than waiting for the acceptance some agents have picked to move.
Anyhow, M I G have scheduled a press conference today (December 10th at 10:00 am Zurich time) at which this is going to be formally declared.
Here is the official announcement:
Neuchâtel-based Foreign Exchange Broker M I G, is the initial money trading company in Switzerland to be approved by the Federal Financial Market Supervisory Authority (FINMA), consequently getting M I G Bank Ltd..
The media conference will take place today, December 10th at 10:00 am in the:
Park Hyatt Zurich
Ballroom 1
Beethoven-Strasse 21, 8002 Zurich