12
Apr
2017
Revision of Margins on Tuesday, 18 April 2017 Due to French Presidential Election
In light of France's presidential election that will be held on Sunday, 23 April, 2017,
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 Tuesday, 18 April 2017, 9:00am (GMT).
Please note that in anticipation of reduced liquidity prior to market-close which could potentially lead to the widening of spreads, Blackwell Global will stop pricing on Friday, 21 April, 2017, 8.45pm (GMT), 15 minutes before the market closes at 9:00pm (GMT).
Feed opening on Monday, 24 April, 2017 will also be delayed for 15 minutes or until the market stabilizes.
Effective on Tuesday, 18 April onwards:
Please note that Blackwell Global server time is set to GMT +3.
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.
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Forex (Majors) |
|||
|
Affected Instruments |
Margin Increase |
||
|
EURUSD |
2 times |
||
|
Forex (Crosses & Exotics) |
|||
|
Affected Instruments |
Margin Increase |
Affected Instruments |
Margin Increase |
|
EURAUD |
3 times |
EURMXN |
3 times |
|
EURCAD |
3 times |
EURNOK |
3 times |
|
EURCHF |
3 times |
EURNZD |
3 times |
|
EURDKK |
3 times |
EURPLN |
3 times |
|
EURGBP |
3 times |
EURSEK |
3 times |
|
EURHKD |
3 times |
EURSGD |
3 times |
|
EURJPY |
3 times |
EURTRY |
3 times |
|
Cash CFDs |
|||
|
Affected Instruments |
Margin Increase |
||
|
FR40 |
3 times |
||
|
DE30 |
2 times |
||
|
ES35 |
2 times |
||
|
EU50 |
2 times |
||
|
UK100 |
2 times |
||
|
USOIL |
2 times |
||
|
UKOIL |
2 times |
||