It was just announced today that UK-FCA regulated FX brokerage Blackwell Global in light of the 58th quadrennial United States presidential election being held on Tuesday, 8 November, 2016, Blackwell Global will increase the margins on selected instruments from Sunday, 6 November 2016, 9:00pm (GMT).
The firm’s Cyprus regulated office had announced the same margin adjustments last week.
As traders know, during the time of the U.S. election results, markets may be choppy and volatile for a period Tuesday evening November 8th during the live election results.
Effective on Sunday, 6 November onwards:
| Forex (Majors) | |||
|---|---|---|---|
| Affected Instruments | Margin Increase | ||
| AUDUSD | 2 times | ||
| EURUSD | 2 times | ||
| GBPUSD | 2 times | ||
| NZDUSD | 2 times | ||
| USDCAD | 2 times | ||
| USDCHF | 2 times | ||
| USDJPY | 2 times | ||
| Forex (Crosses & Exotics) | |||
| Affected Instruments | Margin Increase | Affected Instruments | Margin Increase |
| EURCAD | 3 times | NZDCHF | 3 times |
| EURCHF | 3 times | NZDJPY | 3 times |
| EURGBP | 3 times | NZDUSD | 3 times |
| EURJPY | 3 times | SGDJPY | 3 times |
| EURNOK | 3 times | USDCAD | 3 times |
| EURNZD | 3 times | USDCHF | 3 times |
| EURSEK | 3 times | USDCNH | 3 times |
| EURSGD | 3 times | USDDKK | 3 times |
| EURTRY | 3 times | USDHKD | 3 times |
| EURUSD | 3 times | USDHUF | 3 times |
| GBPAUD | 3 times | USDJPY | 3 times |
| GBPCAD | 3 times | USDMXN | 3 times |
| GBPCHF | 3 times | USDNOK | 3 times |
| GBPJPY | 3 times | USDPLN | 3 times |
| GBPNZD | 3 times | USDSEK | 3 times |
| GBPUSD | 3 times | USDSGD | 3 times |
| NOKJPY | 3 times | USDTRY | 3 times |
| NOKSEK | 3 times | USDZAR | 3 times |
| NZDCAD | 3 times | ||
| Precious Metals | |||
| Affected Instruments | Margin Increase | ||
| XAGUSD | 2 times | ||
| XAUUSD | 2 times | ||
| Cash CFDs | |||
| Affected Instruments | Margin Increase | ||
| AUS200 | 2 times | ||
| DE30 | 2 times | ||
| ES35 | 2 times | ||
| STOXX50 | 2 times | ||
| F40 | 2 times | ||
| HK50 | 2 times | ||
| JP225 | 2 times | ||
| UK100 | 3 times | ||
| US30 | 3 times | ||
| US100 | 3 times | ||
| US500 | 3 times | ||
| USOil | 3 times | ||
| UKOil | 3 times | ||
Please note that Blackwell Global server time is set to GMT +2.
Please bear in mind the additional risk that such events can carry and adjust your trading style as necessary.
Blackwell Global stated:
If you have open positions during the affected period, margin requirements to keep those positions open could rise. We strongly recommend that you monitor open positions carefully and maintain a sufficient account surplus throughout this period.
Stop Loss Orders are not guaranteed to be filled at your order level as they are converted to Market Orders once triggered.
And due to lack of liquidity and dislocation, Pending Orders may not be filled in accordance with your demands, as spread widening may occur.
Blackwell Global stated it will closely monitor market volatility and liquidity and will reassess the margin requirements during and after the Election and make the necessary adjustments thereafter.