LeapRate Exclusive… ASIC regulated retail forex broker DMM FX, a subsidiary of Japanese group DMM.com Group, has amended its corporate policy to preclude client trading around the announcement of economic news releases.
Effectively, DMM FX will disable trading for clients close to and during economic releases. It means that clients will be unable to either open new positions, nor close existing open positions.
LeapRate contacted DMM FX on the new policy, but the company did not provide any further details – such as how long exactly trading would be suspended around each economic release. Nor around which economic releases trading will be suspended. There are many economic news releases made each day around the world.
DMM FX’s official announcement can be seen here.