We would like to inform you of a possible extraordinary UK parliamentary sitting on Saturday 19th October 2019 where a vote may be held on a Brexit deal achieved at the EU Council meeting this week.
Due to the well publicised uncertainty created by Brexit, we would urge all clients to prepare for potentially large market movements and volatility which may cause market gaps.
To manage your account effectively, please ensure that you review your margin rates and that there is sufficient collateral to cover your exposure.
Margin Requirement increased before the event
Note that HYCM will be increasing margin requirements on some of the products as the results of EU Summit this week are likely to cause increased market volatility.
Those changes will be temporary and HYCM hopes to return all the trading conditions to normal on Monday 21st October 2019.
The temporary increase to the margin requirements will become effective from Friday, 18th October 2019.
|Product Name||Symbol||Margin from 18 October|
|UK 100 INDEX CFD||UK100dec19||3.0 %|
|GERMANY 30 INDEX CFD||GER30dec19||3.0 %|
|EURO 50 INDEX CFD||EUR50dec19||3.0 %|
|FRANCE 40 INDEX CFD||FRA40nov19||3.0 %|
|ITALY 40 INDEX CFD||ITA40dec19||3.0 %|
|SPAIN 35 INDEX CFD||SPA35nov19||3.0 %|
|BRITISH POUND VS AUSTRALIAN DOLLAR||GBPAUD||3.0 %|
|BRITISH POUND VS CANADIAN DOLLAR||GBPCAD||3.0 %|
|BRITISH POUND VS SWISS FRANC||GBPCHF||3.0 %|
|EURO VS BRITISH POUND||EURGBP||3.0 %|
|BRITISH POUND VS JAPANESE YEN||GBPJPY||3.0 %|
|BRITISH POUND VS NEW ZEALAND DOLLAR||GBPNZD||3.0 %|
|BRITISH POUND VS US DOLLAR||GBPUSD||3.0 %|
Although HYCM always do their best to keep the spreads values as advertised, please also be aware that spreads on all the CFD products affected by the heightened market volatility can be increased without any notice.
Please ensure that your account is fully margined at all times.
For more information, please contact support team of HYCM from the Official Website.