Changes in Trading Terms Due to Situation in Greece 2015.07.09

July 09, 2015 15:42

Dear Traders,

Because of the uncertainty surrounding the ongoing Greek debt negotiations and the expected extreme volatility in the Euro, Admiral Markets will be making the following changes to margin requirements on Friday, July 10th, 2015 at 18.00 (GMT). The margin requirements on ALL instruments available for trading will be increased by a factor of 2. So, for example, if your current margin requirement is 2%, the new margin requirement will be 4%. The margin policy will be reviewed again on Sunday, July 12th, at 22.15 (GMT).

Additionally, during abnormal market conditions, because of the lack of liquidity, market spreads will increase beyond their normal size. There is also an increased chance of order slippage which can result in an executed price being less beneficial than the original order price.

If you currently hold or intend to open new highly leveraged positions, we urge you to adjust your contract size and/or deposit additional funds into your account to maintain the new margin requirements.

Best Regards,
Admiral Markets

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