OANDA Japan plans to raise margin on HKD pairs

Maria Nikolova

The change is poised to be implemented from November 25, 2019.

Online trading company OANDA Japan today unveiled its plans to change the margin requirements for Hong Kong dollar currency pairs. The change, the brokerage explains, reflects the complex situation in Hong Kong.

The new requirements will be applied to all HKD pairs handled by the NY server:

  • AUD / HKD;
  • CAD / HKD;
  • CHF / HKD;
  • EUR / HKD;
  • GBP / HKD;
  • HKD / JPY;
  • NZD / HKD;
  • SGD / HKD;
  • USD / HKD.

The change, increasing the margin requirement from 5% to 10%, is poised to get into effect on November 25, 2019, with traders advised to adjust their orders if necessary by November 22, 2019. The new requirements will be applicable to personal and corporate accounts.

The situation in Hong Kong is extremely tense due to ongoing protests. Early this morning, the Transport Department (TD) appealed to members of the public to pay attention to the traffic situation and the latest public transport service arrangement before starting their journey.

In the meantime, police are investigating two police open fire cases in Yau Ma Tei happened yesterday (November 17) night and in the small hours of November 18th.

Many bank branches remain closed. Today, Standard Chartered HK posted a notice stating:

“Please kindly be advised that all of our branches will be closed at 3:30 pm, 18 November 2019.

During the period, customers please use the Bank’s Online Banking, SC Mobile Banking, Phone Banking or ATM Services. Please do not hesitate to contact us at our Phone Banking Hotline 28868888”.

HSBC‘s operations in Hong Kong are also affected. The bank says that:

“HSBC University of Hong Kong Branch, Festival Walk Branch & Premier Centre, East Ocean Centre Branch & Premier Centre, Peninsula Centre Branch, 238 Nathan Road Branch & Premier Centre, Tsim Sha Tsui Branch, Premier Centre & Commercial Service Centre, Mongkok Branch, Premier Centre & commercial Service Centre and Yau Ma Tei Premier Centre, Hung Hom Branch & Premier Centre and Whampoa Gardens Branch & Premier Centre are closed on 18 November 2019. HSBC customers can use the Bank’s Internet Banking, Mobile Banking, Phone Banking or self-service banking terminals.

We are sorry for the inconvenience and will provide updates on the operation of our outlets as the situation evolves”.

Read this next

Digital Assets

Midas launches investment strategies for the ‘crypto winter’

Midas.Investments has released three new investment strategies on its custodial CeDeFi platform, creating new opportunities during the ‘crypto winter’.   The platform merges diverse approaches to digital asset management into single-click products to let investors gain steady profits in any market conditions — including the ongoing bear market. a custodial CeDeFi platform, CeDeFi: Unlocking the […]

Digital Assets

Bitcoin.com Wallet adds several ERC-20 tokens

The product expansion includes representatives of the DeFi world, the Metaverse, and the largest stablecoins.

Market News

Savvy Investors to Profit Whether the Stock Market Rebounds or Not

Equities have gone up enormously since the low. SP500 has gained 13.88% since June 17. In August, the indices drifted sideways. On Wall Street, veteran investors expect a move in either direction.

Industry News

Wall Street-backed MEMX obtains SEC approval for options trading platform

The company has raised more than $135 million in funding from 18 stock trading and investing heavyweights, including BlackRock, Citadel Securities, and Morgan Stanley.

Industry News

Amundi US launches ESG strategy that seeks to outperform S&P 500

Amundi’s Responsible investing team includes more than 45 specialists, and its ESG analysis covers more than 13,500 issuers across debt and equity.

Industry News

Verto launches embedded FX payments solution

The Verto API automates currency conversions, tracks payments and exchange rates in real-time, and is being launched in the follow-up of a $10 million in Series A funding last year.

Industry News

SEC awards over $16m to whistleblowers after another successful enforcement action

The program is 10 years-old and has arguably played a critical role in the Division of Enforcement’s ability to effectively detect wrongdoing, protect investors and the marketplace, and bring violators to justice.

Digital Assets

Ripple submits most succint explanation of Hinman issue in XRP lawsuit

It might be useful to get up to date as this could be the end of the road for the SEC.

Retail FX

TradingView integrates first Brazilian broker, Órama Investimentos

Órama offers all kinds of investment products, from fixed income to crypto-related funds.

<