In accordance with our business model, MEX Group is a full ECN Exchange directly and automatically executing all our customers’ trades with top tier banks, exchanges and ECNs.
You should be aware that in accordance with the industry in general and our liquidity banks in particular, we expect that the margins on your accounts for all GBP pairs to be raised to 3% or higher depending on market conditions, and for UK indices UK100M7 and LCOQ7 be raised to 3%, or higher depending on market conditions, during the trading period on Thursday 8th June 2017 until further notice.
These increased margins are due to the United Kingdom general election being held on the 8th June 2017. The latest polls indicate a close result and there is a significant amount of volatility expected in the market.
Further details of the margin rate changes and timings will be communicated through your Account Manager.
If you have any questions, please do not hesitate to contact our Customer Service which is available 24/7 to answer your questions and update you on any changes to your margin requirements.