The long awaited Brexit volatility is finally here. Financial markets are clearly getting nervous with the latest polls showing gaining momentum and possibly even a narrow lead for the pro Brexit camp. It is now just 10 days before UK residents go to the polls for what seems will ultimately be a too-close-to-call referendum on…
Read moreTier1FX, a Malta Financial Services Authority regulated forex brokerage announced this week in order to prepare for the expected increase in volatility surrounding the June 23rd “Brexit” referendum in the UK, as well as to offer better protection of client’s assets, Tier1FX will temporarily adjust the margin requirement for the all GBP FX pairs, as…
Read moreToday globally regulated brokerage firm Admiral Markets announced they will issue temporary changes in its trading terms regarding GBP currency pairs and FTSE100 instruments, lasting from the session opening Monday, 20 June until 12:00 pm EET, 27 June. Margin requirements for all currency pairs with the pound sterling (GBP) and FTSE100 index CFD will increase by five times…
Read moreLeapRate Exclusive... Further to our exclusive coverage of Saxo Bank's plans to curtail leverage provided to clients in FX trading leading up to the June 23 Brexit vote in the UK, LeapRate has learned some more specifics of the leverage restrictions and new margin requirements at Saxo. The leverage restrictions and increased margin requirements are…
Read moreAccording to newly installed London Mayor Sadiq Khan, London is in danger of becoming the world's money laundering capital (if it isn't already) - and it isn't the banks and brokers to blame. In a clear dig at his predecessor and pro-Brexit campaigner Boris Johnson, Mayor Khan stated in an interview on ITV’s Peston on Sunday show…
Read moreAccording to newly installed London Mayor Sadiq Khan, London is in danger of becoming the world's money laundering capital (if it isn't already) - and it isn't the banks and brokers to blame. In a clear dig at his predecessor and pro-Brexit campaigner Boris Johnson, Mayor Khan stated in an interview on ITV’s Peston on Sunday show…
Read moreBank of England (BoE) Governor Mark Carney today stated that the central bank of the United Kingdom would adopt a laissez-faire stance towards the pound no matter what decision comes during the UK-EU referendum being held on Thursday, June 23, to decide whether Britain should leave or remain in the European Union. For traders, they should expect to see…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today published a Circular (C130) advising the Cyprus Investment Firms (CIFs) to keep a close eye on risks associated with a possible exit of the United Kingdom from the European Union. The Cypriot securities regulator reminds CIFs that a referendum will be held in the UK on June…
Read moreThe following guest post is courtesy of Neil Browning, Head of FX Sales at Saxo Bank. [divide] Volatility is on the rise in the foreign exchange market and remains a classic trader’s conundrum. It’s well documented that when combined with liquidity, volatility creates opportunities across FX, but in periods of excess volatility, for example following…
Read moreThere is a very simple equation which usually holds true in Forex trading - more volatility means more volumes for brokers.
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