Barclays Stops Accepting New Stop Loss Orders Due to Brexit Risks – Reuters

[kreslik.news]

Ahead of the crucial vote today in the UK that will determine whether it secedes from the European Union (EU), brokers and trading venues are taking alternative strategies and preventative measures in a bid to potentially mitigate what could amount to highly volatile trading.

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On the retail side, this has culminated in reduced leverage and sweeping changes to margins from GBP-denominated currency pairs and indices. Conversely, Barclays has taken different measures altogether, following an announcement that it will stop accepting ... (read more)