Notice of UK's EU referendum on 23rd June
June 10, 2016, 12:00 am
Dear Client / Trader,
Currently there is a high potential uncertainty in the European markets. As you may know, UK's EU referendum is being held on Thursday, 23 June to decide whether Britain should leave or remain in the European Union and we call it 'Brexit' that is a shorthand of saying the UK leaving the EU - Brexit: merging the words Britain and exit, as it was referred to Grexit for Greece Exit. In the above situation the global financial markets will likely be highly volatile creating wider spreads and periods of reduced liquidity with a big gap risk.
As Land Prime has the duty to protect our clients’ interest, we would like to inform you that we may increase the required margin of all clients' live account(s) prior to the EU referendum. Details of the margin rate changes and timings will be communicated next week and these temporary risk parameters may persist over the weekend of 25th and 26th of June depending on the market reaction to the referendum result.
If you have any further questions or concerns, please let us know.