In light of U.K's General Election that will be held on Thursday, 8 June, 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 Friday, 2 June 2017, 9:00pm (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 Thursday, 8 June 2017, 8.45pm (GMT), 15 minutes before the market closes at 9:00pm (GMT).

Feed opening thereafter, on Thursday, 8 June 2017, 9pm (GMT), will also be delayed for 15 minutes or until the market stabilises.

Effective on Friday, 2 June onwards:

Forex (Majors)
Affected Instruments	Margin Increase
AUDJPY	2 times
CADJPY	2 times
CHFJPY	2 times
EURAUD	2 times
EURCAD	2 times
EURCHF	2 times
EURGBP	2 times
EURJPY	2 times
EURNZD	2 times
EURSGD	2 times
EURUSD	2 times
GBPAUD	2 times
GBPCAD	2 times
GBPCHF	2 times
GBPJPY	2 times
GBPNZD	2 times
GBPSGD	2 times
GBPUSD	2 times
NZDJPY	2 times
SGDJPY	2 times
USDJPY	2 times
Precious Metals
Affected Instruments	Margin Increase
XAGUSD	2 times
XAUUSD	2 times
Cash CFDs
Affected Instruments	Margin Increase
DE30	2 times
ES35	2 times
STOXX50	2 times
F40	2 times
UK100	3 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.

 

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