- June 6, 2017
- Posted by: admin
- Category: All News, Company News, News & Events
Please be reminded that the 2017 UK General election is set to be held on Thursday, 8th June 2017. As a result of market uncertainty regarding the outcome of the UK General election, the market could experience increased volatility before and after the event with the risk of wide spreads, price gaps and possible periods of thin trading liquidity, especially in GBP based currency pairs.
Thus, Tradesto will apply reduction of maximum leverage available on FX and Spot Meal instruments as protection against over exposure during UK General election period. The temporary changes in margin requirements effective on Wednesday, 7th June 2017 16:00 (server time GMT+3) until Sunday, 11th June 2017 16:00 (server time GMT+3).
All affected fx instrument and spot metal leverage will be reduced by 50%
The instruments that are going to change are:
It is anticipated that this will be a short term measure to manage this specific event risk and subject to normalisation of market conditions after the result, GBP and Spot Metal will revert to standard rate after event.
We also advise all clients to monitor the situation closely and make sure your account have sufficient margin at all times whether under normal or amended trading conditions.
Should any further updates on trading terms, Tradesto will endeavour to contact you via email or by announcement on website. However, Tradesto reserve the right to make further changes without notification such as increased margin requirements, trading restrictions on certain products or any other such matter.
@Tradesto reserves all rights.