01 Dec 2016
Delay in Start Pricing When Market Opens After Italian Constitutional Referendum
The Italian Constitutional Referendum will be held on Sunday, 4 December, 2016. Blackwell Global will start pricing clients 5 minutes after the market opens thereafter. Please ensure there is sufficient margin cover on your open positions leading into the weekend as the event is expected to trigger volatility when the market opens.
Pricing will start at 10:05PM instead of 10:00pm GMT, Sunday, 4 December, 2016.This start pricing delay is in response to the observation that the first few minutes of market-opening after a significant news event tend to see increased volatility, price gaps, wide spreads and possible periods of thin liquidity. Blackwell Global has made these relevant changes in order to facilitate smooth trading and to better protect our clients’ interests.
Please note that Blackwell Global server time is set to GMT +2.