Revision of Margins on Sun, 6 November 2016 Due to U.S. Presidential Election
In light of the 58th quadrennial United States presidential election that will be held on Tuesday, 8 November, 2016, it is expected that markets will be volatile during the period of voting. With that anticipation, Blackwell Global will increase the margins on the following selected instruments from Sunday, 6 November 2016, 9:00pm (GMT). Effective on Sunday, 6 November onwards:
| Forex (Majors) | |||
|---|---|---|---|
| Affected Instruments | Margin Increase | ||
| AUDUSD | 2 times | ||
| EURUSD | 2 times | ||
| GBPUSD | 2 times | ||
| NZDUSD | 2 times | ||
| USDCAD | 2 times | ||
| USDCHF | 2 times | ||
| USDJPY | 2 times | ||
| Forex (Crosses & Exotics) | |||
| Affected Instruments | Margin Increase | Affected Instruments | Margin Increase |
| EURCAD | 3 times | NZDCHF | 3 times |
| EURCHF | 3 times | NZDJPY | 3 times |
| EURGBP | 3 times | NZDUSD | 3 times |
| EURJPY | 3 times | SGDJPY | 3 times |
| EURNOK | 3 times | USDCAD | 3 times |
| EURNZD | 3 times | USDCHF | 3 times |
| EURSEK | 3 times | USDCNH | 3 times |
| EURSGD | 3 times | USDDKK | 3 times |
| EURTRY | 3 times | USDHKD | 3 times |
| EURUSD | 3 times | USDHUF | 3 times |
| GBPAUD | 3 times | USDJPY | 3 times |
| GBPCAD | 3 times | USDMXN | 3 times |
| GBPCHF | 3 times | USDNOK | 3 times |
| GBPJPY | 3 times | USDPLN | 3 times |
| GBPNZD | 3 times | USDSEK | 3 times |
| GBPUSD | 3 times | USDSGD | 3 times |
| NOKJPY | 3 times | USDTRY | 3 times |
| NOKSEK | 3 times | USDZAR | 3 times |
| NZDCAD | 3 times | ||
| Precious Metals | |||
| Affected Instruments | Margin Increase | ||
| XAGUSD | 2 times | ||
| XAUUSD | 2 times | ||
| Cash CFDs | |||
| Affected Instruments | Margin Increase | ||
| AUS200 | 2 times | ||
| DE30 | 2 times | ||
| ES35 | 2 times | ||
| STOXX50 | 2 times | ||
| F40 | 2 times | ||
| HK50 | 2 times | ||
| JP225 | 2 times | ||
| UK100 | 3 times | ||
| US30 | 3 times | ||
| US100 | 3 times | ||
| US500 | 3 times | ||
| USOil | 3 times | ||
| UKOil | 3 times | ||
Please note that Blackwell Global server time is set to GMT +2.
Please bear in mind the additional risk that such events can carry and adjust your trading style as necessary.
If you have open positions during the affected period, margin requirements to keep those positions open could rise. We strongly recommend that you monitor open positions carefully and maintain a sufficient account surplus throughout this period.
Please be aware that Stop Loss Orders are not guaranteed to be filled at your order level as they are converted to Market Orders once triggered. And due to lack of liquidity and dislocation, Pending Orders may not be filled in accordance with your demands, as spread widening may occur.
Blackwell Global will closely monitor market volatility and liquidity and will reassess the margin requirements during and after the Election and make the necessary adjustments thereafter.