The second round of the French Presidential Election will be held on Sunday, May 7, 2017, and is expected to cause significant volatility across the financial markets.
We would like to inform our traders that the margin requirements of the below instruments on all FxPro platforms will change as follows:
All European Spot Indices
and Futures Indices
The change in margin requirements on European Indices will come into effect on Friday, May 5, 2017, at 10:00a.m. UK Time (GMT+1), while the change in margin requirements on EUR currency pairs will come into effect on Friday, May 5, 2017, at 04:00p.m. UK time (GMT+1). Both changes will only affect new positions. Existing positions shall remain unaffected.
Please note that the new margin requirements on EUR currency pairs are expected to return to normal soon after next week’s Market Opening, while the margin requirements on European Indices will remain in place until 07:00a.m. UK Time (GMT+1) on Monday, May 8, 2017.
- While we make all possible efforts to keep spreads at a minimum, please note that wider spreads are expected.
- Prior to and in the aftermath of the elections, FxPro reserves the right to allow fixed spreads to float to reflect underlying market conditions.
- In case of extreme volatility and illiquidity, FxPro reserves the right to refuse the opening of new positions, enabling ‘Close Only’ functionality
Please note that, should market conditions deem it necessary, FxPro reserves the right to make additional changes to our trading conditions in the days prior to and after the French Presidential Election.
We strongly advise you to monitor any open positions that you may have and visit the FxPro Blog frequently for any important updates. We shall also be notifying you via email, should any other changes to the current margin requirements come into effect.