Update on Trading Conditions for USOil and UKOil

April 15, 2016

Dear Client,

We would like to inform you that due to the upcoming OPEC meeting and the potential freeze of Oil Production uncertainty is expected for the market opening hours on Monday, 18th of April. Therefore HotForex is taking necessary measures in order to ensure a continuous safe trading environment to all it's clients.

In light of that please be informed that this Friday, the 15th of April at 20:00 (GMT+3) trading in UKOIL and USOIL will be set to CLOSE ONLY for all accounts. This means that clients will no longer be able to place new orders – either market or pending - on USOil and UKOil..

In addition, please note that pre-existing Pending Orders triggered after 20:00 GMT+3 will not be executed but will be cancelled instead.

Open Market orders placed before Friday, the 15th of April 20:00 GMT+3, will not be affected and can be closed/adjusted as usual. 

Furthermore note that no other instruments will be affected by this change.

The “CLOSE-ONLY” mode shall remain in force until standard market conditions are re-established on the Monday morning Market Open.

Best Regards,  

The HotForex Execution Team

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