Breaking: Alpari Could Change Trading Conditions for Euro Pairs

by Victor Golovtchenko
    Breaking: Alpari Could Change Trading Conditions for Euro Pairs
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    Alpari has just issued an announcement that the company’s clients may have to face some changes in trading conditions on their EUR/USD and EUR/JPY trades in relation to prospective market turbulence next week. The changes are related to the danger of Greece defaulting on its obligations to the IMF which are due on the 30th of June.

    The company is only highlighting the prospects for the precautionary measures to take place if the situation on the market deteriorates and we see additional Volatility . The changes could be enforced starting from next Monday. The warning concerns the total size of opened positions and the total volume of open positions.

    Current Margin Requirements at Alpari are quite lax by industry standards - depending on the size of the trade traders are getting from 1:25 (for positions above $10 million) to 1:1000 (for positions up to $1.5 million). Traders are advised by the brokerage to make adjustments to the size of their open positions and tweak their expert advisors accordingly.

    Alpari warns its clients that should market conditions deteriorate, spreads could be increased and trading may be switched into “close only” mode.

    Any deals between Greece and its creditors must be ratified by two national parliaments - in Greece and in Germany. With protracted negotiations expected to take place over the weekend, there is already anxiety in the Greek parliament over the conditions for the country to stay within the Eurozone to be too harsh.

    In the absence of parliamentary majority within the coalition led government of current prime minister Alexis Tsipras, he could be seeking support for passing the measures from the opposition.

    Alpari has just issued an announcement that the company’s clients may have to face some changes in trading conditions on their EUR/USD and EUR/JPY trades in relation to prospective market turbulence next week. The changes are related to the danger of Greece defaulting on its obligations to the IMF which are due on the 30th of June.

    The company is only highlighting the prospects for the precautionary measures to take place if the situation on the market deteriorates and we see additional Volatility . The changes could be enforced starting from next Monday. The warning concerns the total size of opened positions and the total volume of open positions.

    Current Margin Requirements at Alpari are quite lax by industry standards - depending on the size of the trade traders are getting from 1:25 (for positions above $10 million) to 1:1000 (for positions up to $1.5 million). Traders are advised by the brokerage to make adjustments to the size of their open positions and tweak their expert advisors accordingly.

    Alpari warns its clients that should market conditions deteriorate, spreads could be increased and trading may be switched into “close only” mode.

    Any deals between Greece and its creditors must be ratified by two national parliaments - in Greece and in Germany. With protracted negotiations expected to take place over the weekend, there is already anxiety in the Greek parliament over the conditions for the country to stay within the Eurozone to be too harsh.

    In the absence of parliamentary majority within the coalition led government of current prime minister Alexis Tsipras, he could be seeking support for passing the measures from the opposition.

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