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5. Futures Economic Reports for Thursday June 23, 2016
Hello Traders,
Much has been written about the vote in the UK to exit or stay with the European Union, “BREXIT”.
The voting begins at 7AM (UK) and closes at 10PM (UK) on Thursday June 23.
We expect this to create some extreme volatility in many markets for the next few days and encourage all of you to be aware and use conservative approach rather than aggressive approach.
A quick article/outlook with chart I wrote for Equities.com
https://www.equities.com/news/the-million-dollar-question-the-british-pound-and-brexit
While some of our platforms will maintain normal day trading margins, other platforms will require higher day trading margins over the next few days.
Most markets will require 100% of the overnight margins for day trading as well with some markets like currencies may even require 200%. This will not affect our clients trading with transactAT or Shogun at this time.
Feel free to call us at 800-454-9572 with any questions. Continue reading “BREXIT May Create Extreme Volatility 6.23.2016”