Breaking: Alpari Switches Operation to Close-Only Mode

Alpari has switched its operation to close only today across all instruments due to the prospective risks arising from the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term around Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term. The company is the first brokerage to take these drastic measures to limit the risks to FX and CFDs markets.

The brokerage is delivering on its earlier warning. Under the current regime of operations, clients will not be able to open new positions, but will be allowed to close their existing trades.

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Alpari is one of the first brokerages to exercise extreme caution, with news about Barclays hitting the wires earlier when the bank officially stopped accepting new stop loss orders.

With ten days of prior notice, the move shouldn’t come as a surprise for traders, but is certainly a surprise given the market’s performance so far today. The company’s Senior Analyst Vadim Iosuba elaborated on the markets’ behavior: “Current market behavior points towards an expectation that the United Kingdom will remain a member of the European Union.”

“This notion is obvious from the rally of the EUR/USD to 1.1420 from 1.1320 and of the GBP/USD from 1.4740 to 1.4940. The sentiment is also positive in the oil market. A Brexit would result in an economic slowdown across Europe and would push oil prices lower too.”