WARNING FOR THE EURO MARKET FROM BROKERS ALL OVER THE WORLD!
Brokers worldwide increase margin requirements on a pair of Euro and inform their clients that maybe a change will happen any time because of Greece's debt announcement. With negotiations between Greece and its financial supporters over the weekend, the possibility of a huge gap in the market is very open. anyone concerned with risk management should check this condition.
After being "burned" twice and survived-when the Central Bank of Switzerland incur large unexpected volatility, some brokers experienced hundreds of millions of dollars vanish in a matter of seconds and the pain is very deep are known as Black Thursday is still felt in the financial industry. With the incident in order not to happen again, not surprising if viewed brokers seem to give warning of danger of extreme volatility have Grexit and is very serious.
Charalambos Psimolophitis, CEO of FxPro along with other leading Financial figures. Explains, "in view of the potential of the Grexit, we have been reviewing exposure limit (leverage) in Euro and have made several adjustments to reflect the higher risk.
In the case of Grexit additional measures will be implemented, such as increasing margin requirements for a couple of euros which reflects the potential for increased volatility. "
BROKERS Take Action
Alpari has issued an announcement on Thursday, warned their clients may have to face the changes of conditions of trading the EUR/USD and EUR/JPY trade in relation to the prospective market turmoil next week.
Today, FXCM also have told their clients that the margin requirements on FXCM UK, AU and other branches of the Market will be updated, with more margin on a pair of Euro. Trading account will be adjusted at the close of the market today (Friday, 26 June) for the clients of FXCM.
Perhaps no one will be left in the FX for those who have taken a position in EUR in relation to Greece.
Rakuten FXCM Japan Securities has been informing their clients today that a number of margin requirements will change on the open market next June 29, among the changes, the maintenance margin for EUR/USD, EUR/JPY and EUR/GBP is increased from $ 480 to $ 520 per $ 10,000 of exposure (leverage).
IC markets, sending a terrible warning to traders them to examine their exposure to the Euro pair and the level of their margins before market closing. Clients are asked to ensure that they do not utilize and have equity (free margin) is sufficient to withstand the market gap (gap).
XTB United Kingdom also has informed their clients that there might be an announcement over the weekend that pertain to Greece, which may have a significant impact against the volatility during the days of the open market. Clients are required to adjust their positions (especially on European indices and currency pairs with EUR) on market conditions. The rate of spread and limits on some instruments pair improved temporarily.
Do not miss the LiteForex has increased three fold margin requirements for all couples EUR. Clients are kindly requested to note that the high market volatility is expected today because of debt negotiations between Greece and the "troika" from the lender, which is currently taking place in Brussels. Therefore, the margin requirements for couples EUR will be increased three-fold starting from 6 pm, Friday 26/06/2015 until 9 am, Monday 29/062015
