Geneva based Retail FX broker Dukascopy has announced that due to the probability of high volatility, periods of low liquidity and risk of price gaps that may appear in FX markets in connection with the situation in Catalonia, Dukascopy is temporarily decreasing the maximum exposure limit to 15 million EUR on currency pairs that contain EUR from the normal limit of 25 million (except EUR/JPY which remains at 10 million).
The maximum exposure limit does not extend to positions that have been opened prior to this announcement, there will be no forced reduction or closures.
The limitation entered into force as of Friday, 6 October 2017 at 15:00 GMT and will remain in force until further notice. Dukascopy stated that it reserves the right to reconsider special trading conditions for EUR currency pairs if found necessary.
We had reported last week that Dukascopy cut Spain 35 Index maximum trading leverage to 10x due to the unrest in Catalonia.