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
AUDCAD	3 times	EURGBP	3 times
AUDCHF	3 times	EURJPY	3 times
AUDJPY	3 times	EURNZD	3 times
AUDNZD	3 times	EURSGD	3 times
AUDSGD	3 times	GBPAUD	3 times
CADCHF	3 times	GBPCAD	3 times
CADJPY	3 times	GBPCHF	3 times
CHFJPY	3 times	GBPJPY	3 times
CHFSGD	3 times	GBPSGD	3 times
EURAUD	3 times	NZDJPY	3 times
EURCAD	3 times	SGDJPY	3 times
EURCHF	3 times	USDSGD	3 times
Precious Metals
Affected Instruments		Margin Increase
XAGUSD		2 times
XAUUSD		2 times
Futures CFDs
Affected Instruments		Margin Increase
#FDX		2 times
#NKD		2 times
#CL		3 times
#DX		3 times
#ES		3 times
#FFI		3 times
#YM		3 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+1.

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.

 

Do not hesitate to contact us at cs@blackwellglobal.co.nz if you have any queries.

All information is made as accurate as possible, but it is intended for guidance only, and is subject to change.

 

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