Jan

22

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.

Category: FXOptimax News EN