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Dear Valued Customers,
We would like to draw your attention to the current market environment risks related to Turkey. On Friday, July 15th, 2016, members of Turkish military have attempted to overthrow the Turkish government without success. During the event, the Turkish Lira weakened approximately 5% before the market closed and opened after the weekend with a 2% market gap. In addition, we have observed a sharp increase in volatility levels for Turkish Lira.
Swissquote takes into consideration the current market environment and has decided to take measures to try mitigating the risks related thereto, which we believe is also in our client’s interests. Swissquote will therefore increase margin rates on the following instruments effective July 22, 2016 at 17:00 CET.
In addition, we urge you to take precautionary measures to reduce potential risks to your account and recommend using caution when trading as price gaps may cause slippage and resting orders may not be executed or may take longer than usual to be executed due to potential shrink of liquidity in the market. Swissquote will continue to monitor the market environment in Turkey and communicate if any further margin rate changes will be performed.
We appreciate that you have chosen Swissquote to trade Forex as we are committed to providing you with the highest level of service. If you have any further questions or comments regarding this matter, please feel free to contact us.
Warmest Regards,
Swissquote Bank Ltd
en.swissquote.com/fx |
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