15 June, 2016
On 23rd June, the UK will hold a referendum to decide whether it remains part of or exits the European Union. We have already seen an increase in market volatility ahead of the vote and expect this to continue in the weeks ahead. Whilst these market conditions will present many trading opportunities, you should be aware that they may also result in wider spreads and periods of reduced liquidity with increased probability of gap risk. Please make sure you are comfortable with the risk on the positions you are holding in light of the expected further market volatility.
Fort FS will raise the margin required on all GBP and EUR currency pairs up to 1:33 starting from 2016/06/19 at 18:00:00 of terminal time. These changes will effect opened positions as well as new ones. In case of insufficient amount of funds on your trading account to keep positions after the leverage is changed - all orders will be closed according to Stop Out. These temporary risk parameters may persist over the weekend of25th and 26th of June depending on the market reaction to the referendum result.
Fort Financial Services - Citadel of Trading
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