Christmas and New Year's Holiday Schedule 2008.12.12
We wish to draw your attention to our operating hours over the forthcoming
Christmas and New Year period:
Wednesday 24/12/08 16:00 GMT: Markets Close, until
Friday 26/12/08 07:00 GMT: Markets Reopen as normal, until
Wednesday 31/12/08 16:00 GMT: Markets Close, until
Friday 02/01/09 07:00 GMT: Markets Reopen for the New Year.
We would like clients to be fully aware that there is a higher level of risk
involved in maintaining open positions over the holiday period.
Please note the following important conditions that may affect the execution of
your limit and stop orders during this period:
We reserve the right to apply a greater degree of slippage in the event of order
execution during illiquid market conditions.
Stop orders, due for execution when we reopen, will be filled at our prevailing
opening rates, irrespective of the level at which the stop order was initially
placed.
Limit orders will only become due for a fill if the market reaches the required
level whilst AM is open for business; irrespective of the price action whilst AM
is closed.
There will be no increasing in margining or any other special actions taken over
the holiday period.
We would like to take this opportunity to thank you for your custom in 2008 and
wish you a very prosperous New Year.