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:

    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

    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.