FX News and Events Site Profit&Loss Announce to Close Down

​Profit and Loss, a FX industry B2B news and events company, announced to close its doors for the final time on a speech from Julie Ros, Founder of Profit & Loss, as the year in which events and conferences were banned by draconian laws takes its toll. 

Founder&CEO, Julie Ros said the Covid-19 lockdown has been one of the key killers. Viewing messages from Julie Ros, Ros stated that Profit & Loss has weathered many storms over the past 21+ years, including the tech bubble burst in 2001-2002, the depressed market environment following 9-11, and the global financial crisis of 2008-2009, but the current and ongoing global pandemic- put the its international events business in an untenable position, where is outlasting its ability to continue operations.

Profit and Loss was renowned for its institutional FX and electronic trading industry news reporting, and its global events which hosted senior executives from several key companies globally, from the original derivatives trading heartlands of Chicago, all the way to the Asia Pacific region.

Julie Ros also explained why the company made this hard decision about shutting down the operation. 

"As our regular readers know, when we were unable to hold our in-person events this year, we shifted into a virtual environment. While these proved popular-each event had between 200-600+ registrants-as a small, independent firm, the much lower revenue base of virtual events just can't sustain the business going into 2021 with no end in sight for the pandemic. "

With such uncertainty about the future ahead, Profit and Loss closed on October 31.