FXDD Global today announced that due to limited liquidity and low trading volumes it will discontinue trading on ITA40 and SUI20. The Swiss and Italian indices have not been very popular with traders due to a variety of reasons. While Italian stocks have been generally volatile, the local regulatory requirements specific to the bourse in Milan have prompted brokers to dramatically increase spreads or introduce commissions.
At the same time the Swiss index has not seen investor demand due to the relative unpopularity of the index amongst traders.
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After June 3rd 2016, clients will not be able to open any new positions on these instruments. Market orders will only execute if they reduce exposure or close the position entirely. Entry orders may be modified as needed, however they will be rejected unless all of their execution goes toward closing existing trades.
On June 17th 2016 all ITA40 and SUI20 open positions will be liquidated and no new positions will be permitted.
FXDD caters to the trading needs of individuals, institutional traders, hedge funds, brokers, money managers, and other corporate entities. The company’s solutions provide a gateway to the forex market, delivering new technologies backed by world-class support for individual and institutional traders.The company is headquartered in Malta and is regulated by the Malta Financial Services Authority.