In the days preceding the 2016 Italian Constitutional Referendum, which will take place on Sunday, December 4, 2016, as well as in the days following the event, market volatility is expected to increase significantly as a result of the impact that the vote may have on the country’s future in the Eurozone.
The above change in margin requirements will come into effect on Friday, December 2, 2016, at 10:00a.m. UK Time (GMT+0) and will affect new positions only. Existing positions and other instruments will not be affected by this change.
- While we make all possible efforts to keep spreads at a minimum, please note that wider spreads are expected.
- Prior to and in the aftermath of the referendum, FxPro reserves the right to allow fixed spreads to float to reflect underlying market conditions.
- In case of extreme volatility and illiquidity, FxPro reserves the right to refuse the opening of new positions, enabling ‘Close Only’ functionality.
Please note that, should market conditions deem it necessary, FxPro reserves the right to make additional changes to our trading conditions in the days prior to and after the Italian Constitutional Referendum.
We strongly advise you to monitor any open positions that you may have and ensure that you have enough margin in your trading account(s) to protect your positions.
Please visit the FxPro Blog frequently for any important updates. We shall also be notifying you via email, should any other changes to the current margin requirements come into effect.
