February 01, 2016 BY Maria Nikolova
TFX applies intraday additional margin call for first time since March 2011
Tokyo Financial Exchange (TFX) was forced to apply a mechanism a mechanism it has not used since March 14, 2011, as the three-month Euroyen futures soared. TFX today applied an Intraday Additional Margin Call, as the market moved outside of certain boundaries. The Exchange normally calculates margin requirements based on the SPAN® margin system, which…
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