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Brokers News

The Winter Holiday Period: Trading Schedule

Dear clients,

Please note that during the winter holiday season, the following changes will be made to the trading schedule:

- 24 December: trading closes at 17:00 СЕТ
- 25 December: trading is closed
- 26 December: trading opens at 00:00 CET
- 31 December: trading closes at 17:00 СЕТ
- 01 January: trading is closed
- 02 January: trading opens at 00:00 CET

- 24 December: trading is closed
- 25 December: trading is closed
- 26 December: trading is closed
- 31 December: trading is closed
- 01 January: trading is closed

Cryptocurrency trading will be carried out as usual: 24/7 without a break for the holidays.

During the holiday period, the market may move unexpectedly. Therefore, we suggest ensuring large enough margins on open positions, as otherwise these positions may liquidate automatically at sub-optimal prices.

Please also note that the holiday period is one of low market liquidity and heightened volatility, which may affect trading terms and conditions.

Day of Reconciliation in South Africa - Trading Schedule

In observance of the Day of Reconciliation in South Africa on the 16th of December, we would like to inform you that the trading schedule will be changed as follows:

AFRICA40 - Closed

Traders should note that in the event of low liquidity, spreads might significantly increase from their normal levels.

Should you have any questions about these changes, please do not hesitate to contact our Client Support Team.

Please note that trading hours are subject to change by the respective exchanges or liquidity providers.

Potentially Hazardous Market Conditions Ahead of UK Elections

Dear Trader,

The polls have closed and election night is upon us. There are 650 seats in the House of Commons up for grabs, meaning the winning party needs 326 to claim a majority.

In light of this event, we wish to caution clients concerning increased risk of volatility, with the potential for market gaps at the open (08:00 AEDT Monday, December 16th / 21:00 GMT Sunday, December 15th

In recent hours, the pound surged to highs of 1.3514 vs. the greenback as UK election exit polls show Conservatives are set to win 368 seats, Labour 191, Lib Dems 13, SNP 55, Brexit Party 0, Greens 1. Price action currently holds south of the 1.35 handle, though with additional volatility possible, further movement is likely.

What should you do? 

IC Markets urges its clients to take precautionary measures in relation to the UK Parliamentary Election.

This includes:

 * Assessing and reducing risk exposure.
 * Setting strict stop-loss levels, particularly on GBP and EUR-related positions.

Kind regards,
IC Markets.