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September 21, 2017

IronFX, Margin Requirement increased on EU Futures and Equity Indices due to German Election

Please note the change of trading conditions due to German General Election this Sunday.

This article is originally referred from IronFX News.

On Sunday 24th September, voters will head to the polls for a crucial election.

The two main contenders, conservative Angela Merkel and social democrat Martin Schulz take center stage with Angela Merkel the likely contender to be re-elected as Germany’s chancellor for a fourth term.

In an attempt to protect clients and minimize the impact from potential abnormal market moves, IronFX will be increasing the margin requirement for EU exchange traded instruments as per below table:

Account Type

Instrument Category

Instrument Margin Multiplier*

Live

EU Futures/Indices

3

STP

EU Indices

3

Changes will take effect from 17:00 Friday 22/09/17 until 12:00 Monday 25/09/17 GMT+3.

We therefore recommend that you monitor your open positions carefully, adjust your exposures and strategy accordingly and ensure you maintain sufficient margins throughout this period, particularly over weekend.

In addition to the amendments described above, the company reserves the right to make further changes without prior notice, depending on the market conditions around the German elections.

*New margin requirement = Standard margin requirement X Instrument Margin Multiplier

Original Source: IronFX News

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