FXCM Japan, the former subsidiary FXCM (NYSE:FXCM) has instituted a new margin schedule for a number of British pound (GBP) currency pairs, according to an FXCM statement.
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FXCM Japan recently became part of Rakuten Securities following its acquisition earlier this year for the sum of $36 million. The changes are slated to take effect on Monday, June 22, 2015, and will encompass the following currency pairs:
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- GBP/USD (British pound/US dollar)
- GBP/JPY (British pound/Japanese yen)
- GBP/AUD (British pound/Australian dollar)
- GBP/NZD (British pound/New Zealand dollar)
- GBP/CAD (British pound/Canadian dollar)
Moreover, it should be noted that up until June 20, 2015, maintenance margins of 1,000 per currency unit will be applied per ¥8,000.
Rakuten Securities is one of the five largest foreign exchange (FX) brokers in Japan, itself a subsidiary of Rakuten, Inc., one of the world’s largest Internet services companies.
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