In light of the second round of France's presidential election that will be held on Sunday, 7 May, 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 Thursday, 4 May 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, 5 April, 2017, 8.45pm (GMT), 15 minutes before the market closes at 9:00pm (GMT).

Feed opening on Monday, 8 May, 2017 will also be delayed for 15 minutes or until the market stabilizes.

Effective on Thursday, 4 May onwards:

Forex (Majors)
Affected Instruments		Margin Increase
EURUSD		2 times
Forex (Crosses & Exotics)
Affected Instruments	Margin Increase	Affected Instruments	Margin Increase
EURAUD	2 times	EURDKK	2 times
EURCAD	2 times	EURHKD	2 times
EURCHF	2 times	EURMXN	2 times
EURGBP	2 times	EURNOK	2 times
EURJPY	2 times	EURPLN	2 times
EURNZD	2 times	EURSEK	2 times
EURSGD	2 times	EURTRY	2 times
Cash CFDs
Affected Instruments		Margin Increase
F40		2 times
DE30		2 times
ES35		2 times
STOXX50		2 times
UK100		2 times
USOIL		2 times
UKOIL		2 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.

 

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.

 

Back to all Company News »