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


Fed Policymakers Navigate a Delicate Path Amidst Inflation and National Debt Concerns

The Federal Reserve’s monetary policy has been a subject of debate in Western markets, especially regarding its approach to interest rates.

Institutional FX

PhillipCapital extends trade surveillance partnership with Eventus

“PhillipCapital has seen first-hand how Validus can scale to meet any capacity requirements as clients grow, as well as our team’s expertise in not only our customizable technology but the market and regulatory challenges facing the industry.”

Market News

Why Yellow Metal Prices are Plummeting

Gold prices have been steadily declining after failing to surpass the resistance zone at $1,650. The current price is at its lowest point in seven months. Strong economic data from the US has triggered a meltdown in the gold market.

Industry News

Nuvei enters China following licenses in Australia, Singapore, and Hong Kong

The expansion into China represents more than just a geographic milestone for Nuvei. It also adds an essential component to the company’s comprehensive suite of alternative payment methods (APMs), which currently counts 634 different options. These APMs play a crucial role in catering to local market preferences, thereby enhancing Nuvei’s value proposition for businesses looking to penetrate new markets within the APAC region.

Institutional FX

LiquidityBook launches LBX PMS 2.0 after acquiring Messer

With this rollout, LiquidityBook aims to meet the diverse requirements of its clientele, ranging from startup hedge funds and asset managers to broker-dealers and outsourced trading desks.

Institutional FX

Celoxica enters Australia to offer low latency market data and execution services in APAC

“There is a significant opportunity to deliver fast and efficient market access to APAC financial market participants, including trading firms, brokers, exchanges, and service providers. I am eager to extend our reach in this crucial market.”

Institutional FX

Cboe to launch four new Credit Volatility Indices (Credit VIX)

“The Credit VIX Indices are expected to provide new clear signals on bond market sentiment, and act as a new barometer of corporate credit risk in North America and Europe.”

Executive Moves

TradeZero hires Leo Ciccone as Chief Compliance Officer (CCO) for TradeZero Canada

“Leo brings to TradeZero broad and comprehensive experience coupled with deep business and regulatory relationships that will assist us in ensuring we meet and exceed industry best practices and to further our growth initiatives going forward,”

Institutional FX

Apex launches fractional fixed income trading for retail investors

“The ability for people – and not just high net-worth investors – to easily add fixed-income and diversify their portfolios is a game-changer.”