We would like to inform our clients that the upcoming New Zealand General Election and German Federal Election, which will take place on 23rd and 24th September respectively, will possibly lead to extreme market volatility, thin market liquidity, abnormal spreads and price gaps in many currency, commodity and stock markets globally.
In light of the elections, and in order to protect our clients and our company from the anticipated market turbulence during the elections, XM will implement the following temporary measure:
From 20:00 p.m. server time (GMT 3) on Friday, 22nd of September 2017, the margin required for all positions (for opening new positions and for maintaining existing positions) will be temporarily increased for all instruments to:
This temporary measure will be completely waived for all positions and margin requirements will revert to normal (as per normal client account leverage settings) by Monday 25th September 2017.
Clients who intend to keep open positions during the upcoming New Zealand General Election and German Federal Election should make sure that their trading accounts are sufficiently funded to avoid any disturbances from possible margin calls and/or stop-outs in their trading activity.