Oct 18, 2019, 12:00:00 PM

Possible changes in margin requirements due to UK Parliament Commons’ sessions on October 19, 2019

Dear clients,

Please note that the most important Commons’ sessions of the UK Parliament are scheduled for this Saturday, October 19. Financial markets are awaiting a decision regarding the Brexit deal that Boris Johnson has secured in Brussels with notable changes to the Brexit Withdrawal Agreement and Political declaration.

The House of Commons Library has published a useful guide on various Brexit scenarios, which can be found below: https://commonslibrary.parliament.uk/brexit/the-eu/brexit-scenarios-what-could-happen-after-the-european-council-meeting/

Due to the uncertainty around the Brexit deal, there is a possibility of high trading risks, connected with the possible sharp increase in volatility in the European currency and stock markets.

Please be aware that in connection with the market uncertainty, our liquidity providers may increase margin requirements. In this case, Tifia will have to make corresponding changes in margin requirements for the following instruments:

  • all currency pairs with EUR;
  • all currency pairs with GBP;
  • stock indexes FTSE, CAC, FDAX, SX5E, IBEX35.

There is also a high probability of spread increases and price gaps for the instruments specified above.

Please consider this information when making trading decisions on the instruments specified above. Tifia would like to remind clients to ensure accounts are fully funded as we head into this event and recommend all GBP and EUR positions are closely monitored during this period.

Best regards,

Tifia