Gerchik & Co makes changes in margin rates
Dear Clients, Gerchik & Co!
Under influence of results of first round of voting in French presidential elections, markets began to correct their activity and key indicators.
Gerchik & Co also makes changes in margin rates. This is done to protect customers from possible high volatility, sharp price fluctuations or gaps that may occur at market. Margin rates for all currency pairs EUR and GBP, as well as European indices will be temporarily increased.
New margin rate for all EUR and GBP pairs will be raised 3 times compared to current one. Changes will take effect May 5, 2017 (Friday) at 9:00 GMT. Their action is likely to continue and May 8, 2017 (Monday) at 10:00 GMT, when market will again become orderly and liquidity will return to normal level. The marginal rate for all European indices will be adjusted to 1:33.
This change also applies to open positions. If you have open positions in any listed markets, then check to see if your account covers increased margin requirements during this period.
If you have any questions, please contact your manager or our support team.
Regards! Gerchik & Co.