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AMP Futures News

EU Referendum - Brexit - Important Margin Changes - June 23, 2016

Posted by AMP Futures on Jun 23, 2016 8:38:07 AM

This is the week of the British EU referendum. Market conditions in the aftermath of the vote may well lead to price gapping, periods of time with spreads being several percentage points wide, or no liquidity at all. Ahead of these potential market conditions AMP will raise the margin requirements on Thursday June 23, 2016 Market Close as follows:

200% of Exchange Maintenance Margin Requirements for ALL Contracts.

Any open positions as of Thursday’s Market Close, needs to have 2 times or 200% of the Exchange Maintenance Margin Requirement. 

Please view Maintenance Margin Requirements here (we will update with the exchange notices)https://www.ampfutures.com/trading-info/margins/

Please ensure you have sufficient collateral on your account to cover the increased margin requirements. Please be aware that failure to do so may result in your positions being closed.

This 2 times or 200% Margin Requirement will remain in effect until at least 7am CST, Friday June 24, 2016; which we will then evaluate the market condition in attempt to re-store the normal day trade margin requirements before the US market open.

All margin rates are subject to further review depending on market conditions. We will advise you if there are any changes to the above.

These temporary risk parameters may persist over the weekend of 25th and 26th of June depending on the market reaction to the referendum result.

If you have any questions, please do not hesitate to contact our 24 hour Help & Trade Desk via Phone or Live Chat: http://www.ampfutures.com/contact-us/ 

Topics: Trading Info