Archive for January, 2015
Margin Adjustments for EUR Pairs
Margin requirement for the following EUR pairs have been adjusted to twice, following previous tenfold adjustment last week:
EURCAD EURGBP EURNZD EURAUD
Margin Requirement for EUR/USD and EUR/JPY Back to Normal
FXOptimax has normalized the margin requirement for EUR/USD and EUR/JPY which were raised by fivefold during weekend in anticipation of Greek Election.
Margin Requirement Adjustments for EUR/USD and EUR/JPY
FXOptimax has increased the margin requirement for EUR/USD and EUR/JPY to fivefold in anticipation of Sunday Greek Election.
Please carefully plan your trade to anticipate possible gaps on EUR pairs once the market reopens.
Margin Requirement for EUR/USD and EUR/JPY Have Been Normalized
FXOptimax has normalized the margin requirement for EUR/USD and EUR/JPY which was raised by threefold in anticipation of ECB’s remark earlier today.
Margin Requirement for EUR/USD and EURJPY Have Been Increased
Margin requirement for EUR/USD and EUR/JPY has been increased threefold, anticipating ECB Interest Rate Decision and Press Conference today.
EUR Margin Adjustment Ahead of ECB and Greek Election
Dear Client,
Two major events are approaching, which may increase market volatility. Following the ECB Interest Rate Decision announced today at 12:45 GMT, FXOptimax will adjust the margin requirement of EUR/USD and EUR/JPY will be raised up to threefold (3x). The adjustmant will be in place 1 hour before the news event and back to normal 1 hour after the ECB Press Conference, assuming the market is cooling down immediately. We will announce every adjustment here.
The second major event is Greek Election on Sunday, January 25th. As a precaution, FXOptimax will make necessary adjustment before market close over the weekend. The margin requirement will be adjusted up to fivefold (5x), the affected pairs list will be announced here later. We may contact clients with high risk trades to flat some orders or add more balance before the market close.
There are several pairs affected besides EUR/USD and EUR/JPY, please check the details here:
http://www.fxoptimax.net/margin-adjustment-for-eur-pairs-and-temporary-suspensions-announcement/
Following this notification, FXOptimax urges clients to carefully plan the trade and margin availability for these two major events.
Should you have further question, please feel free to contact us.
Margin Adjustment for EUR Pairs and Temporary Suspensions Announcement
Dear Valued Clients,
Following the ECB policy announcement on January 22nd, the volatility of EUR pairs are expected to increase. FXOptimax is adjusting the required margin for these pairs below until further announcement post ECB press conference.
Increased margin requirement by fivefold:
EURCAD EURGBP EURAUD EURNZD
Increased margin requirement by tenfold:
EURSEK EURTRY EURPLN EURHUF
FXOptimax is also taking a cautious measure in expected Danish policy update regarding DKK peg. Therefore, EURDKK and USDDKK trades are temporarily suspended until further notification.
The margin leverage for exotic USDCNH is increased by fivefold and several pairs below are suspended due to low liquidity on our providers:
USDZAR ZARJPY USDSGD
Should you require further information on these issues, please feel free to contact us.
Best Regards,
FXOptimax
CHF Pairs Are Limited to Close Only
Dear Client,
CHF pairs are limited to close existing orders only at this moment, following the thin liquidity in our providers which has caused the spreads to widen. This limitation will be in place until further notice.
Best Regards,
FXOptimax
FXOptimax Post SNB Announcement
Following a historic CHF movement on January 15th, FXOptimax announces the company will operate normally. FXOptimax had low exposure on CHF and this occasion affected only a small groups of clients, resulting in minimal impact on our side.
FXOptimax is currently checking all trades in CHF pairs and we may revisit any trade in CHF during the SNB event should our liquidity providers do the same.
Trades on CHF Pairs Resumed
Dear Clients,
We have resumed all CHF pairs which were stopped previously following a historical drop in CHF. The leverages for these pairs are currently kept at 1000% (10 times higher than normal).
Should you have any question on this issue, please feel free to contact us at admin@fxoptimax.com.
Best Regards,
FXOptimax