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Monday, January 19, 2015

Administrators say some interest in Alpari from potential buyers, (NYSE: LUK)

Administrators for currency trading firm Alpari (UK) Ltd said they had received a number of inquiries from possible buyers of the business hit by heavy losses from last week's surge in the value of the Swiss franc.Alpari lost millions of dollars after the Swiss National Bank removed its currency cap on Thursday and administrators appointed on Monday said that efforts to find a buyer for Alpari (UK) over the weekend failed and they would hold talks with interested suitors in the coming days.U.S. retail FX broker FXCM was a potential buyer for Alpari UK, according to industry news site Forex Magnates, citing unnamed sources.FXCM's own customers lost more than $200 million from the Swiss franc's move and it got a $300 million loan from Leucadia National Corp to keep operating.

Leucadia National Corporation is a diversified holding company. Shares of LUK traded higher by 0.92% or $0.2/share to $21.84. In the past year, the shares have traded as low as $20.96 and as high as $28.72. On average, 1997110 shares of LUK exchange hands on a given day and today's volume is recorded at 1272595.