Viewing posts categorised under: Updates

02.09.2016

Changes in Trading Hours Due to US Labor Day 2016

Please be aware that due to the US Labor Day next Monday, 5 September 2016, there will be a change in trading hours for the following products: Effective on 5 September 2015 (Monday):

Gold and Silver - Close at 16:00 GMT - Open at 23:00 GMT
US30 - Close at 16:30 GMT - Open at 22:00 GMT
US100 - Close at 16:30 GMT - Open at 22:00 GMT
US500 - Close at 16:30 GMT - Open at 22:00 GMT
USOil - Close at 17:00 GMT - Open at 22:00 GMT
UKOil - Close at 17:00 GMT - Open at next day 00:00 GMT
JP225 - Close at 16:30 GMT - Open at 23:00 GMT
Forex - As per normal trading hours
  On 6 September (Tuesday), all products will resume regular trading hours.

Please note that as per next week, our server time will be set to GMT+3 due to Daylight Saving Time.

 Do not hesitate to contact us at cs@blackwellglobal.com if you have any queries. All information is made as accurate as possible, but it is intended for guidance only, and is subject to change. Please refer to Blackwell Global's Updates web page for the latest details.

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30.08.2016

Change in Server Time Implemented This Weekend

As part of our ongoing efforts to improve the trading experience of our traders, please take note that there will be a change in the Live5 MT4 server time this Saturday, 3 Sep 2016. The server time will be changing from its current time zone of GMT+1 to the new GMT+2. We apologise for any inconvenience caused and would like to thank you for your understanding and continued support. Do not hesitate to contact us at cs@blackwellglobal.com if you have any queries. All information is made as accurate as possible, but it is intended for guidance only, and is subject to change. Please refer to Blackwell Global's Updates web page for the latest details.

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05.08.2016

Reductions to Margin Requirements on More Products in Ease on Brexit Measures

Margin requirements on further selected products have been reduced following our ease on trading restrictions implemented because of the EU Referendum. This will be implemented at 10pm UK time (9pm GMT), Sun 7 August 2016.

Below is the full list of instruments and their margin requirements after this revision:

Affected Instruments Margin Requirements Affected Instruments Margin Requirements
AUDCHF 2 times GBPCHF 2 times
CADCHF 2 times GBPJPY 1 times
CHFJPY 2 times GBPNZD 1 times
CHFSGD 2 times GBPSGD 1 times
EURAUD 1 times GBPUSD 1 times
EURCAD 1 times NZDCHF 2 times
EURCHF 2 times USDCHF 2 times
EURGBP 1 times XAGUSD 1 times
EURJPY 1 times XAUUSD 1 times
EURNOK 1 times DE30 1 times
EURNZD 1 times ES35 1 times
EURSEK 1 times F40 1 times
EURSGD 1 times STOXX50 1 times
EURTRY 1 times UK100 1 times
EURUSD 1 times UKOil 1 times
GBPAUD 1 times USOil 1 times
GBPCAD 1 times    

This revision is subject to market volatility pertaining to Brexit, and Blackwell Global will continue to monitor the markets. We will keep you updated should there be any further changes.

Please do not hesitate to contact us at cs@blackwellglobal.com if you have any queries.

All information is made as accurate as possible, but it is intended for guidance only and is subject to change. Please refer to Blackwell Global's Updates web page for the latest details.

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18.07.2016

Revision of Margins on Mon, 18 Jul 2016 Due to Political Instability in Turkey

The Turkey Coup Attempt which took place on Friday, 15 July 2016 saw the Turkish Lira posting one of the biggest one-day declines against the dollar since October 2008 as Turkey’s military seized power. Dollar-Turkish Lira settled at 3.0157 as the market closed on Friday. In light of the event, it is expected that the market will be volatile during this period of unrest. With that anticipation, Blackwell Global will increase the margins on the following selected instrument from Monday, 18 July 2016, 9:00am (GMT). Below is the list of instruments that are affected:

Affected Instruments

Margin Increase

EURTRY

2 times

USDTRY

2 times
Blackwell Global has taken this measure to help our valued clients manage the potential risk through this period of expected volatility and uncertainty. As your broker, we are deeply concerned about your financial security and we suggest that you avoid trading on the above instruments so as to minimise exposure to increased risks. Please ensure that your margin collateral is properly managed especially during this uncertain period – as such periods of heightened volatility can create possibilities of significant price gaps and periods of illiquidity, which can potentially put your account on a margin call. If you have open positions during the affected period, margin requirements to keep those positions open could rise. We would like to stress that Stop Loss Orders are not guaranteed to be filled at your order level; Stop Orders are converted to Market Orders once triggered, and dislocations in available liquidity could result in significant slippage on Stop Orders. Blackwell Global will closely monitor market volatility and liquidity, and will reassess the margin requirements relative to the situation in Turkey and make the necessary adjustments thereafter. The reinstatement of margin or any further adjustment in margin is subjected to further changes depending on the market conditions. This will be made known via notifications on Blackwell Global’s Company News web page.

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04.07.2016

Changes in Trading Hours Due to US Independence Day 2016

US markets will observe a trading holiday on Monday, 4 July 2016 due to US Independence Day. As such, the trading times of some instruments will be affected on that day.

Effective on 4 July 2016, Monday:

Forex - As per normal trading hours
Gold and Silver - Close at 19:00 - Open at next day 00:00
US30 - Close at 18:45 - Open at next day 00:00
US100 - Close at 18:45 - Open at next day 00:00
US500 - Close at 18:45 - Open at next day 00:00
JP225 - Close at 18:45 - Open at next day 00:00
USOil - Close at 18:45 - Open at next day 00:00
UKOil - Close at 18:45 - Open at next day 00:00

All products will resume regular trading hours on Tuesday, 5 July 2016.

Please note that all timings are in accordance with server time, GMT+2.

Do not hesitate to contact us at cs@blackwellglobal.com if you have any queries. All information is made as accurate as possible, but it is intended for guidance only, and is subject to change.

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