XM.COM Raising Margins Ahead of Italian Referendum
Posted: Wed Nov 30, 2016 7:48 pm
The next big vote in Europe will occur this weekend, with Italy poised to vote in a referendum that could ultimately hold consequences for global foreign exchange (FX) markets and more specifically the EUR. On Sunday, December 4th the Italian referendum will be held, which has already resulted in several brokers to altering trading conditions ahead of the event – XM.COM has become the latest broker to alter its margin requirements in anticipation of potential volatility.
The changes are similar in nature to efforts adopted by other brokers throughout the week, which have initiated leverage thresholds and other changes in anticipation ... (read more)