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The Japanese retail forex subsidiary of Rakuten Securities, today announced new margin requirements that will take effect on June 20th 2016 ahead of the UK referendum next week, according to an official corporate announcement.
The company noted that on June 20th at 6am (Tokyo) there could be a forced settlement or close-out of client’s positions if they fall short of the new margin requirements that the company outlined in its announcement ahead aimed to reduce leverage ahead of expected market volatility surrounded the Brexit vote.
Change at start of Brexit week
The time of 6am Monday in Tokyo corresponds to 5pm Sunday in ... (read more)