Volatility Alert – Turkish Election on June 24th, 2018.
Please note that XM will increase ‘Margin Requirement’ on TRY pairs, due to upcoming Turkish General Election.
The political event will take place on the 24th June 2018.
We expect that the event will cause following market situation:
- High market volatility
- Thin market liquidity
- Higher spreads
- Price gaps
in many currency pairs, commodity and stock markets globally.
XM’s risk management measures
The temporary measure which XM will implement is as follow:
|Time||From 18:00 p.m. on Friday, 22nd June 2018*|
|Affected Symbols||USDTRY and EURTRY|
|Leverage changed to||1% (100:1 leverage)|
The changes above affect both ‘New Opening Positions’ and ‘Existing Positions’.
By Monday 25th June 2018, shortly after the announcement of the results of the Turkish General Election, XM will announce to revert all the conditions to normal.
For more information, please contact XM support team from the Official Website.