Capital Index prepares for EU referendum; will change margin rates pre and post election

British electronic trading firm Capital Index will make margin increases on June 17, and readjust margin rates on June 22 as part of pre and post Brexit vote risk management

London, Canary Wharf from Thames

The forthcoming referendum on Britain’s membership of the European Union is only 9 days away, and FX brokerages are continuing to make provisions for a potentially volatile currency market in the pre and post referenum period.

The referendum is scheduled to take place in the United Kingdom and Gibraltar on 23 June 2016, and is a very important milestone in British and European history, whichever way the voting goes.

Currently, the opinion polls that are being closely monitored by the electorate as well as commercial enterprises and government officials alike, show that those currently in favor of Britain’s exit from the European Union, and those who would prefer the country to retain its membership, are almost equal in numbers, making the outcome very difficult to gauge, even at this close stage.

Last week, FinanceFeeds elaborated on the economic and market-related factors that surround the referendum, and the historical timeline regarding Britain’s membership of the European Union and European Economic Area since 1973.

The referendum is the very first that has ever taken place on this matter, and many companies are looking at risk management and safeguarding their clients interests as well as protecting their business against volatility.

Today, Andrew Palmer, Head of Marketing at British electronic trading firm Capital Index, explained to FinanceFeeds “On Friday 17th June, the Capital Index margin rates on the European indices and all GBP and EUR currency pairs will be changing to the margin rates shown on the chart listed below, with additional increases to follow on Wednesday 22nd June.”

Capture

 

Read this next

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

Digital Assets

Coinbase scores minor victory vs SEC, but lawsuit to proceed

A federal judge in Manhattan, U.S. District Judge Katherine Polk Failla, ruled on Wednesday that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Coinbase can largely proceed.

Web3

COTI Teams Up with Civic for Enhanced Digital Identity Control

СOTI and Civic are teaming up to enhance digital identity security in Web3, aiming to provide users with more control over their digital selves through innovative technology.

Digital Assets

BlockDAG Takes on Chainlink (LINK) Crypto, and RON With DeFi Card and 5000x Profit Potential

Explore BlockDAG’s innovative DeFi card, which transforms cryptocurrency into spendable cash, alongside Chainlink (LINK) crypto and Ronin’s advancements.

Digital Assets

Court finally decides on Sam Bankman-Fried sentence, experts predict 20 years

Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, is set to face sentencing on Thursday in a pivotal moment that could see the entrepreneur beginning a lengthy period in federal prison.

Crypto Insider

DeFi Winter Thaws: A Look at the Emerging Landscape

The past year has seen a significant shift in the Decentralized Finance (DeFi) market, transitioning from a period of decline (“DeFi winter”) to a potential season of growth.

<