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The Canadian self-regulatory organization IIROC has issued an announcement highlighting some changes to the margin requirements which traders have to put up as collateral with their brokers if they are willing to trade certain pairs.
Today’s decision marks the second amendment to the margin requirements for Canadian clients of over-the-counter retail foreign exchange services and reflects increased volatility across several pairs. After the margin requirement on the Canadian dollar versus the Japanese yen has been jacked up to to 5.0 per cent from the previous 3.8 per cent level, the U.S. dollar counterpart is next.
Excessive volatility in the exchange rate of ... (read more)