
Swiss Franc volatility warning
Dear Traders,
Due to increased speculation around potential Swiss National Bank actions in financial markets in the weeks ahead, we would like to make you aware that there may be an increase in market volatility in all Swiss Franc (CHF) currency pairs as a result.
Please be aware of increased risks within the period leading up to and following the potential intervention of the Swiss National Bank, among all other risk factors:
* Sharp moves and significant gaps in market prices, especially in CHF pairs and Swiss index;
* Limited liquidity, which may result in much wider spreads, and an increased amount of order rejections and slippage;
* Reduction of available leverage;
* Significantly higher overnight fees ('Swaps');
* Relevant instruments and/or overexposed accounts going into ‘close-only’ trading mode without notice;
* Changes to supported trade sizes and trading session times;
* Introduction of per-account CHF exposure limits;
* Further changes of trading conditions of CHF or other closely related currencies on a very short or even without any advance notice to you.
Kind regards,
Admirals