INTL FCStone Hikes Margin on Certain Products Ahead of Brexit: Reuters

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INTL FCStone Hikes Margin on Certain Products Ahead of Brexit: Reuters

Postby kreslik.news » Thu Jun 16, 2016 9:20 pm


US-headquartered INTL FCStone Inc, listed on the Nasdaq under ticker INTL, has raised the margin requirement that clients have to maintain for trading across several of its products ahead of Britain’s vote next week, according to reports from Reuters, as increased volatility is broadly expected by market participants.

According to a letter the company sent to clients that was seen by Reuters, INTL FCStone had doubled the margin requirement that the CME requires for cleared gold and silver futures, as well as for the Great British Pound (GBP) and Euro futures effective on June 16th, as per the coverage.

“Increased volatility requires ... (read more)

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