Canada’s IIROC Cuts Margin Requirement for Select CAD & USD Pairs
Posted: Wed Feb 22, 2017 6:52 pm
The Investment Industry Regulatory Organization of Canada (IIROC) today announced a pending decrease in margin requirements on the U.S. dollar (USD) and Canadian dollar (CAD) pairs, following a periodic change in volatility, according to an IIROC statement.
In Canada, brokers also set their own minimum margin requirements called “house requirements”. Some brokers extend more lenient lending conditions than others and lending terms may also vary from one client to the other but brokers must always operate within the parameters of margin requirements set by IIROC.
Based on the volatility of the exchange rates of US and Canada’s ... (read more)