Canadian Self-Regulator IIROC Hikes Margin Requirements for NOK/USD
Posted: Sun Aug 14, 2016 9:33 pm
The Investment Industry Regulatory Organization of Canada (IIROC) today announced a pending increase in margin requirements on the U.S. Dollar (USD), following a periodic change in volatility, according to an IIROC statement.
Based on the volatility of the U.S. dollar exchange rates, effective August 18, 2016, the margin requirements on the Norway Krone versus U.S. Dollar pair (NOK/USD) will be raised to 3.50% from 3.00%.
A full list of the IIROC’s rates, including its basket of twenty-one currencies as of August 18, 2016 can be accessed by the following link. This list is updated when a currency’s spot margin rate ... (read more)