Augmentation des marges intraday sur futures pour le Brexit

Les principaux clearer des futures  augmentent les marges intraday sur futures de 100% à 200% en prévision du Brexit

 

Pourquoi des augmentations des marges sur Futures ?

Cela fait plusieurs jours que je mets en garde contre le risque de volatilité avec le Brexit, de la faiblesse des carnets d'ordres sur futures (les gens sérieux se retirent quand le danger est annoncé en Bourse). Preuve que cette vision du risque est partagée, les principaux clearer (chambres de compensation sur futures) relèvent leurs marges requises de 100% à 200% pour forcer leurs clients particuliers et professionnels à être prudents ou du moins à leur signaler clairement les risques potentiels. Idem pour les brokers cfds qui ont vu leur marge requise augmenter dans des proportions identiques voire supérieures, les courtiers actions appellent aussi à la plus grande prudence, bref tout le monde est sur ses gardes. Les 72 prochaines heures présentent un risque important.

Le Brexit est un vrai danger

La psychologie humaine étant globalement contrariante (des restes de l'adolescence chez de nombreux adultes où l'opposition à l'autorité et / ou aux institutions est dans l'identité), les appels répétés par les institutions financières, les brokers, les chambres de compensation sur Futures... des dangers que peuvent provoquer le Brexit va provoquer chez certains traders l'effet opposé. "Et bien si c'est si dangereux, je vais être plus malin que les autres, je vais trader, je vais toucher le jackpot et les autres sont des niais de ne pas profiter de cette volatilité". Égos surdimensionnés, joueurs de casino, tels sont les qualificatifs qui me viennent à l'esprit. Voir : Brexit, faut-il trader ?

Le trading en bourse c'est éviter le risque

Même si c'est une vérité de Lapalisse, le trading en bourse rentable c'est avant tout éviter, minimiser le risque. Quand nous avons un avis de tempête de force 7 potentiel, les traders et matelots avec de la bouteille restent au port, les plus fous ou téméraires (vous choisissez l'adjectif, rayer la mention inutile) prennent le large le cœur battant. Ce qui est sûr, sauf invasion extraterrestre surprise, comète folle ou général russe ivre portant une valise nucléaire, c'est que lundi nous y verront plus clair, nous aurons surmonté la zone de risques sans perte et nous continuerons à essayer de faire des plus-values boursières avec toujours le contrôle du risque. D'ici là, spread qui vont exploser et volatilité folle sont attendus.

Attention aux augmentations de marge sur Futures

Quelques augmentations des marges sur futures

AMP

EU Referendum - Important margin changes - 23rd June

This is the week of the British EU referendum. Market conditions in the aftermath of the vote may well lead to price gapping, periods of time with spreads being several percentage points wide, or no liquidity at all. Ahead of these potential market conditions AMP will raise the margin requirements on Thursday June 23, 2016 Market Close as follows:

200% of Exchange Maintenance Margin Requirements for ALL Contracts.

Any open positions as of Thursday’s Market Close, needs to have 2 times or 200% of the Exchange Maintenance Margin Requirement.

Please ensure you have sufficient collateral on your account to cover the increased margin requirements. Please be aware that failure to do so may result in your positions being closed.

This 2 times or 200% of the overnight margin requirement will remain in effect until at least 7am CST, Friday June 24, 2016; which we will then evaluate the market condition in attempt to re-store the normal day trade margin requirements before the US market open.

All margin rates are subject to further review depending on market conditions. We will advise you if there are any changes to the above.

These temporary risk parameters may persist over the weekend of 25th and 26th of June depending on the market reaction to the referendum result.

CUNNINGHAM

For all accounts, the 100% of the overnight margin will apply for the following markets effective closing on Wednesday 06-22-16:

• US Equities
• European Indexes
• Metals, Currencies, Interest Rates, Energies

GAIN

Temporary Changes to Day Trade Margins Due to Brexit Referendum

The EU Referendum is a public vote to be held in the United Kingdom on June 23, 2016 that will decide whether the UK stays or leaves the European Union (a scenario commonly referred to as the "Brexit").

After evaluating the potential impact of this event, the following temporary margin changes will be put in place tonight after the market re-open:

All positions in Currency pairs, Metals, European Indices, and U.S. Indices will be subject to the following margin requirements:

• Increase the margin requirements on all Currency pairs to 200% of exchange requirements.
• Increase the margin requirements on European indices (CAC, DAX, FTSE) to 200% of exchange requirements.
• Increase the intraday margin requirements on all U.S. indices to 100% of exchange requirements with the potential to increase further if deemed necessary.
• Increase the intraday margin requirements on all Gold and Silver contracts to 100% of exchange requirements with the potential to increase further if deemed necessary.

The Brexit voting begins at 7AM (UK) and closes at 10PM (UK) on Thursday June 23. We will continue to monitor the market reaction to the vote and may make additional changes.

IRONBEAM

We are expecting a significant increase in volatility within the financial markets in the upcoming week, primarily in the currency products. In many cases, our customer base may not be anticipating the extreme price movement in reactionary markets of this nature. Highly volatile markets may result in liquidity issues where a lack of bids/offers may result in exaggerated price movements and un-elected stop orders.

Due to the upcoming Brexit vote in the UK (June 23, 2016), Ironbeam will monitoring and increasing margin requirements ahead of the pending vote.  Ironbeam will be decreasing leverage to 1:1 (full overnight margin) on all accounts. Currency margins will be doubled, and due to the expected volatility, British Pounds will require margins of $20,000 per contract.

We believe that taking this extremely conservative approach ahead of the Brexit vote will protect our customer’s against large swings in the market.  Please don’t hesitate to contact us to discuss.

RCG

Please be advised the products below will be charged 200% of the overnight margin effective Tuesday, June 21, 2016 due to expected volatility from the Brexit referendum. These margin changes will be reflected on customer statements/equity runs for trade date June 21, 2016.  Increased margin will remain in effect until further notice.

• CME British Pound
• CME Euro FX
• COMEX Gold
• COMEX Silver

The switch to regular day-trading margins will be announced. Please be sure to check this page again before trading.

WEDBUSH

For all accounts, the 100% of the overnight margin will apply for the following markets effective closing on Wednesday 06-22-16:

• US Equities
• European Indexes
• Metals, Currencies, Interest Rates, Energies