TRY currency pairs adjustment during political developments in Turkeyadmin
Please be informed that Tradesto will apply reduction of maximum leverage as protection against over exposure during political developments in Turkey.
As a result of market uncertainty regarding the outcome of the political developments in Turkey, there will be a large increase in realised market volatility for certain currency pairs. The liquidity provider has taken the decision to increase its standard margin rate for TRY currency pairs to 5%.
In order to protect our traders during this particularly volatile period, Tradesto has applied margin adjustment on TRY currency pairs start from 19th July 2016 00:00 (GMT + 3) until further notice.
It is anticipated that this will be a short term measure to manage this specific event risk where else TRY pairs will revert to standard rate subject to normalisation of market conditions after the result.
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