Signs of Trouble by Brexit on June 23, 2016

By Lawrence

My members shared with me notices they’ve received from their brokerages regarding increase in margin requirements going into Brexit on June 23rd. I have received several notices myself too with similar message. This will further cut down the liquidity in all the major markets and induces even higher volatility post Brexit vote.

Check with your brokerage to see if you are affected.

Better yet, if you do not need to keep an open position going into Brexit, don’t.

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Comments
  • Minty415 June 21, 2016 at 10:42 am

    Yup, got the notice too from my broker yesterday affecting all products-indices, metals, currency. Biggest increase is with intraday margin for currency pairs and european indices to 200% of exchange requirements.

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