As the landmark June 23 Brexit vote draws near, brokers have continued to roll out a series of margin changes to its instruments in an attempt to allay any potential negative repercussions of heightened volatility. Capital Index has joined the ranks of brokers altering its margins, according to a recent company statement.
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The Brexit vote stands to be one of the most potentially widespread events of the year, namely as the GBP and GBP-dominated instruments are amongst some of the most widely utilized by brokers in the retail sector. Beginning on June 17, 2016, Capital Index is slated to usher in a list of new margin rates across select instruments.
More specifically, this will entail new margin rates on all European indices and all GBP and EUR currency pairs. Moreover, an additional tranche of increases will follow concordantly on June 22, on the eve of the vote itself.
A full list of the updated margin changes can be accessed by accessing the following link.