Euro-related over-the-weekend leverage

February 26, 2015

Some of Dukascopy liquidity providers warn their clients about an excessive risk of market gaps on Euro-related currency pairs related to Greece and its possible exit from Euro Zone which could arise at any time. In particular, there is a risk of FX markets opening on Monday morning at a significantly different level from the Friday night close.

Dukascopy is not able to leave such risk without a reaction and has decided as follows:
For all currency pairs, containing EUR, specific over-the-weekend leverage of 1:30 will be applied as of 18:00 GMT, 20.02.2015. Specific leverage will be cancelled after market opening Sunday night. According to the Dukascopy margin policy, trading accounts are already subject of over-the-weekend leverage, which is 1:30 by default. This adjustment will affect client’s accounts of Dukascopy Bank and Dukascopy Europe with over-the-weekend leverage higher than 1:30.

In addition, Dukascopy warns all the traders that there is a higher than usual probability of wide spreads, high slippage and rejects after market opening. It is recommended to reduce the exposure in EUR currency pairs, in order to avoid risk of possible Margin Cuts and negative balances.

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