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Phase 1 - Post Brexit Vote Results - DayTrade Margins Roll Back

Phase 1 - Post Brexit Vote Results - DayTrade Margins Roll Back

The British EU referendum Results Complete. Market conditions in the aftermath of the vote may well lead to price gapping, periods of time with spreads being several percentage points wide, or no liquidity at all.

Due to these potential market conditions AMP has set the DayTrade Margin requirements on Friday day June 24, 2016 Market Close in 2 levels.

Please not the difference – Level I is using DayTrade Margin Value and Level II is using Maintenance Margin for calculation.

Please view Margin Requirements here (we will update with the exchange notices)https://www.ampfutures.com/trading-info/margins/

Level I - Double DayTrade Margins for ALL Contracts - All Exchanges in these Sectors:

Stock Indexes – example: 1 contract of ES is $800.00
Energies – example: 1 contract of CL is $2’000.00

Level II - 100% of Exchange Maintenance Margin Requirements for ALL Contracts - ALL Exchanges in these Sectors:

Currencies – example: 1 contract of British Pound is $2,550.00
Metals – example: 1 contract of Gold is $4,500.00
Financials – example: 1 contract of 30yr Bond is $3,650.00
Grains – example: 1 contract of Soybeans is $2,600.00
Softs – example: 1 contract of Coffee is $2,850.00
Meats – example: 1 contract of Feeder Cattle is $3,375.00

Going into the weekend, any open positions as of Friday’s Market Close, we will require to have 2 times or 200% of the Exchange Maintenance Margin Requirement.

Please ensure you have sufficient collateral on your account to cover the increased margin requirements. Please be aware that failure to do so may result in your positions being closed.

All margin rates are subject to further review depending on market conditions. We will advise you if there are any changes to the above. 

If you have any questions, please do not hesitate to contact our 24 hour Help & Trade Desk via Phone or Live Chat: http://www.ampfutures.com/contact-us/