empty
 
 

Change in trading conditions for several instruments from June 20, 2016 until June 27, 2016

17.06.2016 10:08 AM

Dear Clients,

The referendum on the United Kingdom's membership in the EU is to take place on June 23, 2016.

The referendum is broadly expected to cause turbulence in global financial markets no matter whether the vote will be for or against Brexit. Any developments in voting and any outcome will evidently make a profound impact on the forex market, first and foremost on the GBP and EUR currency pairs. Therefore, these instruments will be trading with record high volatility throughout next week.

To protect clients' positions, the company decided to change margin requirements for certain trading instruments on a temporary basis.

The following amendments are introduced for the week from June 20 until June 27:

1.The minimum margin requirement could be raised to 2% for the following currency pairs: GBP/USD, EUR/GBP, GBP/CHF, GBP/JPY, GBP/AUD, GBP/CAD, and GBP/NZD as well as all exotic crosses involving the GBP.

2.The margin for some stock indices such as #N100, #DAX, and #FTSE could be increased several-fold from a standard requirement in case of higher volatility.

3.The minimum margin requirement could be raised to 0.5% for the following currency pairs: EUR/USD, EUR/JPY, EUR/CHF, EUR/AUD, EUR/CAD, and EUR/NZD as well as all exotic cross pairs involving the EUR.

As you are aware of higher volatility and big changes in marginal requirements, we strongly advise you to consider seriously that trading the above-mentioned instruments entails grave risks for the whole week.

Please adjust your trading strategy for the circumstances. You can either minimize or refrain from trading these instruments. Besides, make sure you have enough available funds in your account to maintain open positions.

We would like to warn you that such changes in trading conditions might not be final. In case of higher volatility and low liquidity, further restrictions could be imposed without advance notice.

Back to news list


Other company news

Can't speak right now?
Ask your question in the chat.