The Brexit referendum is to be hold on June 23, 2016. As the event is unprecedented it can result in volatility increase, liquidity reduction and, eventually, to price gaps and increase in spreads.
TeleTrade Company notifies all its customers that during the period of June 20, 2016 to June 26, 2016, as well as on the closing of trading session on June 17, 2016, margin requirements (deposits) can be well increased for all the types of accounts and any instruments. The increase of collateral requirements can be also applied to the opened positions which can lead to Stop Out (automatic closure of the opened position due to the lack of margin requirements). In extreme cases, trading on some of the instruments can be switched to the mode of “Close only”.
We kindly ask you to take care about open positions and pending orders in advance, as well as of adequacy of margin requirements.
The TeleTrade team is concerned to do everything possible to make trading conditions most favorable for our clients, despite high uncertainty in the market and no matter how serious economic shocks are.
the TeleTrade team.