Loading...

Margin Changes ahead of Turkish General Election

On Sunday 24th June 2018, Turkey will be holding a General Election. This may result in heightened market volatility and illiquid markets. For this reason, and to help ensure our clients are provided with better protection against any risk associated with this event, effective by 6 p.m. BST on Wednesday 20th June 2018, JFD will be temporarily increasing the margin requirements from 2% default and 1% low to 12% default and 6% low, until 22:00 BST on Monday 25th June 2018, for the following symbols: 

EURTRY
USDTRY
TRYJPY

Note: We would recommend that during this period you ensure that there are sufficient funds in your account, and to monitor your margins closely.
To get a complete overview of all changes, please refer to our Contract Specifications, which will be updated as of Wednesday 20th June 2018.