FxPro Changing Margins Ahead of Italian Vote, Joining Growing List of Brokers

Wednesday, 30/11/2016 | 17:13 GMT by Jeff Patterson
  • Margin requirements are once again being changed in a bid to protect clients ahead of the Italian referendum.
FxPro Changing Margins Ahead of Italian Vote, Joining Growing List of Brokers
Bloomberg, Former Italian Prime Minister Mateo Renzi during a public debate

This weekend will see the latest drama in Europe with a constitutional referendum in Italy on December 4th – ahead of the event, FxPro has taken preventative steps to help protect its clients, which will include the altering of select margin requirements, according to an FxPro statement.

The move mirrors that of other brokers that have also implemented leverage thresholds and other changes in anticipation of widespread Volatility . The Italian referendum is the latest example of a potentially destabilizing vote taking place in a large economic bloc, with the Brexit vote in June and the recent US election earlier this month sparking volatility across currency markets.

More Drama in the Works?

The referendum this weekend is also of importance, as a ‘No’ vote could trigger an Italian schism with the rest of the EU, placing even more pressure on a EUR that has been under siege over the past month against its US counterpart.

As such, FxPro will be undergoing several margin changes on December 2nd at 10:00 GMT – the changes will only affect new positions and include the following instruments:

fxpro

This weekend will see the latest drama in Europe with a constitutional referendum in Italy on December 4th – ahead of the event, FxPro has taken preventative steps to help protect its clients, which will include the altering of select margin requirements, according to an FxPro statement.

The move mirrors that of other brokers that have also implemented leverage thresholds and other changes in anticipation of widespread Volatility . The Italian referendum is the latest example of a potentially destabilizing vote taking place in a large economic bloc, with the Brexit vote in June and the recent US election earlier this month sparking volatility across currency markets.

More Drama in the Works?

The referendum this weekend is also of importance, as a ‘No’ vote could trigger an Italian schism with the rest of the EU, placing even more pressure on a EUR that has been under siege over the past month against its US counterpart.

As such, FxPro will be undergoing several margin changes on December 2nd at 10:00 GMT – the changes will only affect new positions and include the following instruments:

fxpro
About the Author: Jeff Patterson
Jeff Patterson
  • 5433 Articles
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About the Author: Jeff Patterson
Head of Commercial Content
  • 5433 Articles
  • 98 Followers

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